Importance Of Luck In Decision Making

Introduction:

Decision making is not only a single step or an idea which we could take to decide certain solution, decision making involved in all life aspects individually or organizationally. Mainly, theories state various factors and components which are able to influence, affect and modify the processes of decision making. Taking best decision at best moment seems to be a very complicated for many. Hundreds and thousands of ideas, methods and notes have been issued to theoretically establish a formula to decide which model is best for decision making. In (Jim Heskett, 2010) published paper: what is the best way to make carful decision making? he ends up his writing as he begun it, he assumes questions such as the topic ,however, he puts

We need luck in many different aspects of life. Even the simplest things in daily life come with luck. As we interact with each other at every moment we created luck. Luck can be defined as chances given by others or result of others works. To simplify that, imagine you have done with your own product and you want to prototyping and marketing that product so you are very lucky because nowadays the availability of social media such as Facebook, Google and YouTube make you task easier and faster to show what you have done and also facilitate communicating with others easily. Therefore, luck is what have done by others and has effect on what you aiming to do in same context.

Conclusion :

It’s very clear that relevancy of decision making depends on various methods. To sum up what mentioned above, we can say that creating your own path and method of the way you think is the best way of taking a decision. Building up your own experience along with enrich you cognition in acquiring knowledge and understanding through thought, experience, and the senses. Be aware of what is going on around you. Deep understanding of you targets and goals can cut off the time you always take to obtain the best

Therefore, theory says’ expertise in that “people are less likely to rely on their moods when they have high expertise in the domain of judgment” (Schwarz & Clore, 2007, p. 389). Then, Experts normally process piece of information within range of expertise in a more efficient manner (Reyna & Lloyd, 2006; Reyna, Lloyd & Brainerd, 2003; SteMarie, 1999) As a result, theory says that the judgments of experts doesn’t influenced by sad or happy mode , thus they response to same anchoring value with same degree with out