The Decision-Making Under Uncertainty subfacet addresses how individuals make decisions in environments with incomplete information. It examines how individuals balance intuition with data, make trade-offs, and cope with the uncertainty inherent in high-stakes decisions.
Abstract: Decision-making under uncertainty involves a blend of intuitive and analytical thinking. Research shows that individuals who can balance these two modes of thinking are more effective in making high-stakes decisions when information is scarce.
Gigerenzer, G. (2007). *Gut Feelings: The Intelligence of the Unconscious*. Viking.
Gigerenzer, G. (2007). Gut Feelings: The Intelligence of the Unconscious. Viking.
Kahneman, D. (2011). Thinking, Fast and Slow. Farrar, Straus and Giroux.
5 Decision Making Under Uncertainty Questions
Question 1: How do you integrate logic and intuition when facts and instincts conflict during decision-making?
Question 2: What criteria influence your decision to either address a challenge independently or consult with others, especially under uncertainty?
Question 3: If you had to make a swift decision based on incomplete information, what steps would you follow?
Question 4: Describe a time when you balanced intuition and planning to address uncertainty or limited information. How did you ensure effective outcomes?
Question 5: What is your approach to creating scenarios and contingency plans for critical, uncertain decisions?