Lecture 8 - Naturalistic Decision Making
Lecture 8 - Naturalistic Decision Making
Lecture 8 - Naturalistic Decision Making
http://goo.gl/forms/34bSN8MWLe
QUIZ 1
IIMC PGPEX 2015-16
Decision making
Rational choice strategy
Articulate the problem
Develop and identify the set of options, choices
Identify ways of evaluating them
Weigh each evaluation dimension
Rate each parameter
Pick the option with the highest score (expected value)
* Gary Klein
IIMC PGPEX 2015-16
RPD
More likely
More likely
Dynamic conditions
More likely
Ill-defined goals
More likely
Rational Choice
Strategy
More likely
Conflict resolution
More likely
Optimisation
More likely
More likely
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Salient points
Rational choice
Time pressure and
uncertainty are less
Optimum choice is
important
Conflict resolution
Need to reconcile needs
of different constituencies
Data available and
situation allows analysis
Naturalistic decisions
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NDM
Focuses on errors
Intuition simplifies
decision making
Experience does not
assure sound
judgement
Study of successes
Experience expertise
skilled intuition
Better judgement
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Questions?
What kind of strategy do you use when buying a car
or house?
Choice of decision strategy in market entry
problems?
How often do managers use RPD in NDM situations?
What type of thinking do you use in NDM?
System 1? System 2? Or 1 & 2 together.
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