Quotes on Decision Making

In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.

Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.

An expert is someone who has succeeded in making decisions and judgements simpler through knowing what to pay attention to and what to ignore.

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

There is only one thing about which I am certain, and this is that there is very little about which one can be certain

Money is a short-term result that incentivizes short-term decision making.

The strongest principle of growth lies in the human choice.

There's right and there's wrong. You got to do one or the other. You do the one and you're living. You do the other and you may be walking around, but you're dead as a beaver hat.

So when somebody asks me to make a decision about a situation, I don't offer a solution, I ask a question: What are our options? Give me the good, give me the bad, give me the pretty, give me the ugly, give me the impossible, give me the possible, give me the convenient, give me the inconvenient. Give me the options. All I want are options. And once I have all the options before me, then I comfortably and confidently make my decision.

A bad decision well implemented is better than a brilliant decision not well implemented.

If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization sets up teams and then uses them for purely advisory purposes, it loses the true advantage that a team has: namely, collective wisdom.

Groups become more extreme and entrenched in their beliefs and polarized from others when members only exchange information that reinforces their views and filter out all else or never learn of alternatives. Thus they narrow their options, and magnify each other's prejudices and misconceptions. This trend leads to blind spots in decision making and to extreme behavior, even terrorism.

Athletes are always talking about money at a time when everyone else is struggling so badly to make it. We all make way more than our fair share. And I just think it reflects poorly on myself and my teammates. I really do just want to win, and that has and will continue to be the reason that motivates me and is the biggest factor in my decision-making process.

Simply giving employees a sense of agency- a feeling that they are in control, that they have genuine decision-making authority - can radically increase how much energy and focus they bring to their jobs.

Outside of the marriage context, can you think of any other rational basis, reason, for a state using sexual orientation as a factor in denying homosexuals benefits or imposing burdens on them? Is there any other rational decision-making that the government could make? Denying them a job, not granting them benefits of some sort, any other decision?

Be willing to make decisions. That's the most important quality in a good leader.

The individual always realizes only one of the possibilities in his development, which could always have taken a different turning whenever he had to make an important decision.

If the whole world followed you, would you be pleased with where you took it?

The most effective way to restrict democracy is to transfer decision-making from the public arena to unaccountable institutions: kings and princes, priestly castes, military juntas, party dictatorships, or modern corporations.

The new ruler must determine all the injuries that he will need to inflict. He must inflict them once and for all.

Successful leaders have the courage to take action while others hesitate.