Decision-making strategies



As we know, each problem often has many solutions and the decision maker's task is to choose one of them. This choice can be very simple but can also be very complex depending on the importance of the decision. In addition, the number and reliability of other options can also be adjusted based on their importance, timing and constituents. There are many strategies in the selection process and you can refer to some of them presented below

Optimization

This is the strategy of choosing the best possible solution to a problem, in which the decision maker must find as many other possibilities as possible for the problem and choose the best one. The thoroughness of this strategy is based on the following factors:

  • The importance of the problem
  • Time limit to resolve the problem
  • Costs associated with other capabilities.
  • Readiness of constituent elements.
  • Personal psychology and other values.

It should always be noted that a complete set of information and consideration of alternatives is rarely available for important decisions so you must limit the alternatives.

Achieve satisfaction

In this strategy, people choose the possibility that brings the highest satisfaction, not the possibility that is best. This can be seen very clearly in case you are very hungry, you will stop right in front of the first restaurant that you feel satisfied with, without having to look for the best restaurant (from the point of view of optimal strategy). . Achieving satisfaction here includes two factors: the first is satisfaction, the second is suitability. For small decisions like where to park, which pen to use to write, or which pair of socks to wear, this strategy is truly optimal.

Maximize

This strategy focuses on evaluating and then making a decision on the option that has the most outputs. It is sometimes described as an optimist's strategy because it only needs to consider the output benefits sought and their high likelihood of realization. This strategy is often used in cases where the decision maker is risk-taking and is also willing to accept risks.

Minimize

This strategy seems to be for people who are a bit pessimistic, where they are concerned with even the smallest possibility of something bad happening or where there are only a minimal number of options. The minimization strategy is still very useful in cases where even a small mistake in the decision can affect the entire process. This strategy focuses on the utilization value (or residual value) of a decision or of the responses calculated before making the decision. It is based on the motto: A bird in hand is better than 2 baby birds on a tree.

These two strategies are often used in game programs, where people often rely on the player's uncertainty in making decisions based on a maximization or minimization strategy. He will then ask the player to either leave with what he has won or accept a final challenge to either lose everything or receive a special reward many times more valuable.