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Pitfalls of intuitive decision making
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Throughout the process of completing the questionnaires to determine my decision making profile, several pieces of information confirmed my suspicions about how I decide and one survey revealed a statistic that surprised me. Knowing I rely heavily on intuition and seek to gather a great deal of information early in the process, I find that relying on tuition is my preferred means of deciding. Unfortunately at the same time my grade on impulse decision making scored higher than normal. This survey, adapted from the Factor Structure of the Barratt Impulsiveness Scale, indicated I possessed a “high tendency to impulse”. Scoring an 81, the authors of Decide and Conquer said my score was akin to that of a prisoner. Sobering thought. While I attribute some of this score to having just performed four surveys and was wanting to conclude my exercise in self-examination, there is some truth to my desiring to rely on impulse. My limited life experience has revealed that some of my best decisions have come by relying on my intuition and avoiding decision paralysis because of information overload. Intuition in theory is the ability to understand without conscious reasoning. This ability to understand comes from your mind’s ability …show more content…
It occurred to me that these instances typically have come in the course of repeated decisions regarding the same topic or theory, or a similarly phrased question. This same phenomenon was explored in the research study, Inverted U Shape Model: How Frequent Repetition Affects Perceived Risk by Xi Lui, featured in the Journal of Judgement & Decision-Making. In the presented research, “higher frequency of repetition increases the accessibility of risk in the event”, In doing so risk is valued throughout the process and in experience risk aversion decreases in the decision-maker despite no actual change to the level of risk
It’s hard to believe how making one decision can impact and shape your life for the future. According to Google, decision-making is the action or process of making decisions, especially important ones. While discussing this important topic, decision-making, I’ve come across some things I’ve learned and how they can impact my life. First, impulsive decisions can lead to bad outcomes. In the short story, The Monkey’s Paw, by W.W. Jacobs, the story is based around the idea; think more about a decision than quickly resolving one. Secondly, deciding to run away from your problems can lead to an even greater one. In Edgar Allen Poe’s short story, The Masque of the Red Death, the characters are faced with a problem, but when they believe it has been resolved it turns out to be deadlier than
Passionate instinct drives us, as well. Although we often try to reason our way through situations as civilized, rational beings should, there is sometimes a point where we can no longer be controlled by reason. This point often comes when we feel some strong emotion, and our rational halves become shadowed by our darker, instinctive sides. We often conceal this darker half because the instinct, which is so much a part of it, may lead to violence when released. It appears that the very idea of being ruled by instinct has become distasteful; people who use their instincts to get through a situation are often labeled as being ‘unpredictable’, ‘maverick’, and ‘dangerous’. Although we consider ourselves to be civilized, we were once a race ruled by instinct -- and still are, to some extent.
Impulse address the simple reaction of basic stimulus. For example, if a person feels thirsty (stimulus), he will find the water to drink (reaction). Additional, perception has displayed the reaction of the sensation. In the stage of perception, people will think before they do it. they will also decide what kind of stimuli is crucial and meaningful. For instance, a thirsty person will use his hearing to find out where the water is. Moreover, when he is looking for the water, he will only focus on the sound of water instead of the wind or somebody’s singing. Third, George Herbert Mead demonstrates that people will have the certain judgment of the reaction. For illustration, a thirsty person will found the water somewhere, they will still double check the water is safe to drink before they drink it. At the end, the consummation displays that human beings will act to fulfill their demands. For example, a thirsty person wants to drink water and he wants to drink it whenever he wants, he will make a water container to satisfy his
Many kids beginning the college - decision process may be feeling lost at first, and ”By telling all young people that they should go to college no matter what, we are actually doing some of them a disservice. ”(Owen and Sawhill 209) For a seventeen/eighteen year old, going to college is arguably the biggest decision that they have had to make in their life thus far, and having the facts that Owen and Sawhill produce can be invaluable to the decision-making process. It is clear that the purpose of their essay is to better inform these young adults and guide them on their journey that is life after high school. The primary claim that Owen and Sawhill attempt to drive in using rhetorical appeals is that on average, having a college degree will lead to a higher income than not having one; however, it is not universally
Impulse control and decision-making, both executive functions, are believed to center in the ventromedial prefrontal cortex (Bechara, Damasio, Damasio, & Anderson, 1994). Damage to this area increases deficits in decision making (Bechara et. al.,1994). Research has shown that chronic heroin use negatively impacts an individual’s ability to restrain impulses, leading to lack of planning and decreased adaptive and social cognition (Pau, Lee, & Chan, 2001). Heroin is a powerful opiate that crosses the blood-brain barrier and produces potent euphoria (Pau, Lee, & Chan, 2001). Impulse control is defined as an individual’s tendency to act on arising wishes or urges (Murphy & Mackillop, 2012). Greater mindfulness has been shown to decrease substance dependent individuals’ urge to use substances (Murphy & Mackillop, 2012). Mindfulness focuses on the emphasis on staying in the present moment, the natural impermanence of things in an individual’s environment, and the awareness of actions such as noticing what is experienced without judgment or reactive behavior (Murphy & Mackillop, 2012). Research on the implementation of mindfulness techniques and their ability to decrease impulsivity is necessary in order to examine the ways heroin-dependent adults react cognitively, behaviorally, and physiologically to external stimuli.
Although a college education grows more and more expensive every year. People begin to question whether college is a good idea to invest in or not. “As college costs continue to rise, students and their families are looking more carefully at what they are getting for their money. Increasingly, they are finding that the college experience falls short of their expectations”(Cooper. H Mary). Many people believe that the cost of a college degree has outstripped the value of a degree.Studies show that a college degree will increase your earning power. A lot of people say that a college degree now is worth what a high school diploma was wor...
Overall, an average person’s judgements and decisions are rarely error free, logical, and unbiased. Just like the illusion of control isn’t very error free, logical, and unbiased. There is no way to plan for all the spontaneous events that life likely throws at you. Whether it is planning a nice dinner, a wild party, or a family vacation; there is always a chance for it to end in disaster. A certain demographic acquires the adaptive capacity to recognize this and move forward, while others cannot. Are you one of the many to realize and move past, or does the illusion control
“He who learns but does not think, is lost! He who thinks but does not learn is in great danger” (brainyquote.com). Society has been firmly educated on the stressful factors college encompasses such as loans and degrees. Students and parents struggle to not only find a school they can afford but also one they truly believe in- one they can see their child or themselves growing in and learning to the fullest. When considering all the decisions that need to be met upon, there are often factors that are looked over. Some of them far more important than which school provides financial aid or intramurals. The dangers college harbor are not taken into account
People make judgements based on the negative and positive feelings that they associate with a stimulus. Finucane, Alhakami, Slovic, & Johnson (2000) claimed that affective sensitivities play a significant role in making risk/benefit judgements. Participants evaluated situations differently when presented information either about a possible benefit or a possible risk of nuclear power plants. When information indicating high benefit was presented, they inferred low risk (positive affect) and when high risk information content was presented, low benefit was perceived (negative affect). Similarly, when information indicating low benefit was presented, they inferred high risk (negative affect) and when low risk information content was presented, high benefit was perceived (positive affect) (Finucane et al.,2000).
In his article, Robin Hogarth, defines intuition and argues that intuition is a result of learning. There are challenges within intuition research, they define a scope of different intuitive phenomena. Hogarth reasons by narrowing down the concept it would make it easier and more comprehensible to understand the diverse ways people make decisions. Hogarth asks, “if we know how people make decisions, we may be able to help them make better decisions” (Hogarth, 2010, p. 338). Hogarth believes, that if intuition is in fact a learned trait than intuitive research needs to be narrowed down into four prevalent but challenging areas of clarification; (1) preferences, (2) cultural capital, (3) educating intuition, and (4) problems with intuition
Thinking fast and slow by Daniel Kahneman tackles the process of thinking. How we make choices and whether they come from rational place in our decision-making. The eye-opening inside in this book is based on loads of research. It could help leaders build awareness of their blind spots and those of others, which can turn lead to better decisions and improved judgment. This book is huge and has more information than I can cover in this paper. I will go through the five sections and highlight key ideas I found most interesting.
The way choices are framed impacts the way they are perceived and decided upon. Tversky and Kahneman (1981) suggested that choice between a "certain" and a risky option of equal expected value is affected by option phrasing, a phenomenon known as the framing effect. The framing effect is an example of a psychological terms called cognitive bias, in which people respond to differently to a choice depending on how it is presented; i.e. as a gain or as a loss. When a positive frame is presented, people tend to avoid the risky option, selecting the “certain” option as opposed to when a negative frame is presented, people tend to select the risker option. Gain and loss are defined in scenarios as descriptions of outcomes (i.e. lives lost or saved
A study, conducted by Nyatanga & de Vocht examined the how cognition and physiology interacted with intuition (492). They partook in this study to convey the important role of intuition in decision making functions. Many clinical debates have surfaced in recent years, regarding the logical applications of intuition. As they acknowledge, it is challenging for leaders to make some decision, and often, this process is fueled by the working of intuition itself (Nyatanga & de Vocht 492). Of course, it is difficult to capture the process underlying their intuitive decisions overall. Hence, to investigate this concept, these authors conducted scientific experiments to verify the role of intuition in decisions. They partook in these experiences to demonstrate how intuition contributes to cognition and physiology (Nyatanga & de Vocht 492). The results of this study suggest the unconscious thoughts, inherent in intuition, contribute to high level decision making. Their conclusions further suggest that intuition is real and palpable phenomenon. As they conclude, intuition can be traced directly to both cognition and physiological constructs as well (Nyatanga & de Vocht 492). Thus, it is linked to both mental experience and the physical body as well. Therefore, not only is intuition a verifiable concept, but it guides both intangible and tangible human functions. This provides further evidence to support the conclusion that gut feelings are real after
Intuition is how we perceived things often times we are unaware of it (Hodgkinson et.al, 2009). In the past years, research in management and practice have dramatically accepted the importance of intuition (Matzler, Bailom & Mooradin, 2007; Saddler-Smith, 2008).cf. Klein, 1998; Kahneman & Klein, 2009 as cited in Matzler, et al. (2014) states that how people make a decisions depends on the situation such factor is time pressure, but contrary to that decision making still depends on individual preferences (Epstein et al, 1996; Betsch, 2004; Epstein,
If life were merely a contest with fate, then should we not think before we act? Though some may argue that the proper time to reflect is before acting, I have learned from experience that, more times than not, this is not the best approach. The ability to act on instinct is crucial to success, in many situations. During an earthquake, for instance, one must quickly respond in whichever way necessary to protect themselves, as well as their loved ones. No matter how prepared, or trained, one may be, there is no way to predict what the essential motions should be taken at the time of an emergency.