Category: Risk and Uncertainty

German Translations of Decision Coaching Methods

(And you’ll also find some similar resources in English.) I’m excited about my upcoming opportunity this month to teach several postgraduate seminars to career counselors in Switzerland again. The topic will be decision coaching methods: how to apply decision support tools in a

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Posted in Counseling/Coaching, Decision-Making, Problem Solving, Risk and Uncertainty

Are You Scared of Your Next Decision?

Edvard Munch (1893): The Scream. Oil, tempera & pastel on cardboard. [Image rights in the public domain.] Tonight will be a scary night for the bravest of us, with countless children roaming the streets, high on sugar, threatening to knock on our very

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Posted in Decision-Making, Procrastination, Risk and Uncertainty Tagged with: , , ,

Decision Skills Matter

To what extent do decision skills matter in real live? Do these skills actually lead to better decision outcomes and fewer unpleasant life events? Or, more specifically: do people who perform better on hypothetical decision tasks also make better real-world decisions, to the extent

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Posted in Decision-Making, Financial Decisions, Health Decisions, Intuition, Risk and Uncertainty Tagged with: , , ,

Summer Reading List

Some book recommendations on decision making, innovation and productivity: Kayt Sukel (2016) The Art of Risk: The New Science of Courage, Caution, and Chance A very readable overview of current research on the neuroscience of risk, illustrated with personal stories and some inspiring interviews

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Posted in Book Recommendations, Creativity, Decision-Making, Problem Solving, Risk and Uncertainty

Age Differences in Decision Making Skills

A recent study confirms it again: older adults do well with decisions that require emotional skills. Old age affects our decision-making skills in quite complex ways. Some cognitive skills decline with age, while emotional skills may even improve. This leads

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Posted in Decision-Making, Intuition, Risk and Uncertainty

Numerical Skills for Financial Decisions

Relatively few people own private long-term care insurance, even though long-term care is one of the largest financial risks currently facing older people. A new study suggests that poor numerical skills may explain a part of that phenomenon: people with better numerical skills

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Posted in Decision-Making, Financial Decisions, Health Decisions, Risk and Uncertainty

Instead of a Book Recommendation

This month I’m recommending an article instead of a book, by Gigerenzer and his colleagues, who have been pioneers in advocating for statistical literacy: Gigerenzer, G., Gaissmaier, W., Kurz-Milcke, E., Schwartz, L. M., & Woloshin, S. (2007). Helping Doctors and Patients Make Sense

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Posted in Book Recommendations, Health Decisions, Risk and Uncertainty

Medical Decisions: How to Judge Risks

Thanks for submitting your answer to the poll! The question was: Would you get a cancer screening done if it reduced your chance of dying from this type of cancer by one third? If you were undecided, you may have wanted more information about

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Posted in Decision-Making, Health Decisions, Risk and Uncertainty Tagged with:

Quote: Non-Linear World

“We have minds that are equipped for certainty, linearity and short-term decisions, that must instead make long-term decisions in a non-linear probabilistic world.” — Paul Gibbons Share this…

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Posted in Decision-Making, Risk and Uncertainty

Decision Trees Made Easy

Decision Tree for a 10-Year Old This may well be the most unusual article I’ve ever come across in any peer-reviewed journal (it was published in a great open access journal, so you can get the full text pdf here): Mullin,

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Posted in Decision-Making, Problem Solving, Risk and Uncertainty Tagged with: ,