ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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thorough decision making
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smart decision making
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accurate decision making
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effective decision making
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Detailed explanation-1: -The earliest mental-discipline theories of teaching were based on a premise that the main justification for teaching anything is not for itself but for what it trains-intelligence, attitudes, and values. By choosing the right material and by emphasizing rote methods of learning, according…
Detailed explanation-2: -Making smart decisions requires that you have as full an understanding of a given situation as possible. In most scenarios, this means collecting data from a variety of sources. Returning to the objective of increasing audience engagement, gathering evidence on what isn’t working may be your first step.
Detailed explanation-3: -A mental model is simply a representation of how something works. We cannot keep all of the details of the world in our brains, so we use models to simplify the complex into understandable and organizable chunks.
Detailed explanation-4: -Four mental models are especially helpful for decision making: The Hard Choice Model, First Principle Thinking, Second-and Third-Order Consequences and Inversion. With them, you are well equipped to be more aware of your own decision-making process and to improve it over time.