Hammond, Keeney, and Raiffa describe in their book an approach designed to help you make the best possible choice. They call it the PrOACT approach, and it addresses eight keys to effective decision making. Those keys are:
• Work on the right decision problem.
• Specify your objectives.
• Create imaginative alternatives.
• Understand the consequences.
• Grapple with your tradeoffs.
• Clarify your uncertainties.
• Think hard about your risk tolerance.
• Consider linked decisions.
Explore a major personal decision you made in the past, e.g., buying a house or car, choosing to return to school, changing jobs, getting married, etc.
1. Which PrOACT element(s) did you take into account before making your decision? How did specific PrOACT element(s) help you make the best choice?
2. Which elements were not considered, or not considered enough? What impact did overlooking those elements have on your choice?