Whether you're choosing spaghetti sauce, a new job, or a life partner, making decisions can be paralyzing. In this TED talk, philosopher Ruth Cheng explains that making hard choices can actually be empowering.
Value-focused thinking
Decision making under certainty
Utility axioms
Unidimensional utility theory
Multi-attribute utility theory
Game theory
Equilibria in strategic form games
Mixed strategy equilibria
Sequential decisions and sub-game perfection
Cooperative games
Complementarity formulation of Nash equilibrium problems
WEIGHTED DECISION MATRIX
In a Weighted Decision Matrix you assign your importance (weights) to all criteria. For example when buying a car, you will weight the importance of the price, the fuel consumption, the engine power etc. differently. In the Weighted Decision Matrix an additional column for the weighting of the individual criterion is added. The value of weighting will then be multiplied by the value of the criteria for each option.It is often recommended to assign the weighting of the criteria as percentages and distribute a maximum of 100%. However, this may be omitted, since when there are many criteria, the distribution of exactly 100% can become very tedious.
ITERATIVE DECISION MAKING
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