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Wednesday, February 1, 2012

The Art of Decision Making

One thing, I have always struggled with is to take decisions - especially when it comes to two equally good/appropriate choices. So here I am in the elective course of Decision Making!! Before I joined, I dreamt that I can take any decisions without any struggle after studying this course. How naive I am still; even after going through an MBA program for 1.5 years.

That doesn't mean the course have no value add. In fact it is one of the good courses co-taught by one of the best professors in IIMB. The course goes in deep about how we think, what are our biases, the importance of intuition, gut feel and so on. It has its own coverage about mathematical notions of decision making using techniques like decision trees, monetary value calculations and applications of game theory.

The interesting thing about this course is that it is co-taught by colonel from Indian Air Force. And the cases are really special which includes, but not limited to Fire at Mann Gulch, Cuban Missile Crisis, Columbia's Final Mission (Multimedia Case), Kargil war, Strategic Innovation Simulation and so on. Overall enjoying the course so far... 

Few of the resources I came across regarding this subject are

A good website about intuition
Some interactive resources on cognitive psychology

1 comment:

  1. Vijay, good posts...keep up the good work. thanks for sharing the links..Jeffrey.