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Under Pressure: The Impact of Stress on Decision Making
September 16, 2009
We are faced with making decisions all the time. Often, we carefully deliberate the pros and cons of our choices, taking into consideration past experiences in similar situations before making a final decision. However, a new study suggests that cognitive stress, such as distraction, can influence this balanced, logical approach to decision making. Psychologists Jane Raymond and Jennifer L. O'Brien of Bangor University in the United Kingdom wanted to investigate how cognitive stress affects rational decision making. In this study, participants played a simple gambling game in which they earned money by deciding between stimuli--in this case, two pictures of different faces. Once their selection was made, it was immediately clear if they had won, lost, or broken even. Each face was always associated with the same outcome throughout this task. In the next stage of the experiment, the volunteers were shown each face individually and had to indicate whether they had seen those faces before. Sometimes volunteers were distracted during this task while other times they were not.
The results, reported in the current issue of Psychological Science, a journal of the Association for Psychological Science, reveal that distractions significantly impact decision making. When volunteers were not distracted, they tended to excel at recognizing faces that had been highly predictive of either winning or losing outcomes. However, when they were distracted, they only recognized faces that had been associated with winning.
The authors note that when we are stressed and need to make a decision, we are "more likely to bear in mind things that have been rewarding and to overlook information predicting negative outcomes." In other words, these findings indicate that irrational biases, which favor previous rewards, may guide our behavior during times of stress.
Association for Psychological Science
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Smart Choices: A Practical Guide to Making Better Decisions
by John S. Hammond (Author), Ralph L. Keeney (Author), Howard Raiffa (Author)
Where should I live? Is it time to switch careers? What is the best course of action for me?
Decisions shape our experiences, from choosing which job offer to accept, to buying the right car, to selecting a good accountant. How do we know which choice is the smart one? How can we be consistent and confident in our decisions? In this book from the three leading authorities on decision-making, readers learn how to approach all types of decisions with a simple set of skills developed by professors from Harvard, MIT, and the University of Southern California.
Combining solid research with common sense and practical experience, this user-friendly guide shows readers how to assess deep-seated objectives, create a comprehensive set of alternatives, determine likely...
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Harvard Business Review on Decision Making
by Harvard Business School Press (Compiler)
The Harvard Business Review Paperback Series is designed to bring today's managers and professionals the fundamental information they need to stay competitive in a fast-moving world. From the preeminent thinkers whose work has defined an entire field to the rising stars who will redefine the way we think about business, here are the leading minds and landmark ideas that have established the Harvard Business Review as required reading for ambitious businesspeople in organizations around the globe. Harvard Business Review on Decision Making will help people at all levels understand the fundamental theories and practices of effective decision making so that they can make better decisions in their personal and professional lives.
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Wharton on Making Decisions
by Stephen J. Hoch (Editor), Howard C. Kunreuther (Editor), Robert E. Gunther (Editor)
Perspectives from leaders in decision science at Wharton Organized in part through Wharton's Risk Management and Decision Processes Center, the book assembles leading researchers from Wharton's business faculty who demonstrate how to apply the latest approaches in decision-making from four perspectives: personal, managerial, negotiator, and consumer. Each chapter describes how decisions are actually made, presents the ideal scenario, and then provides practical suggestions for improvement. The subjects range from when consumers will choose variety, integrating intuition into decisions, and applying game theory and strategic decisions, to decision factors in negotiations and how choices are made about insurance and health care.
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The Psychology of Judgment and Decision Making
by Scott Plous (Author)
THE PSYCHOLOGY OF JUDGMENT AND DECISION MAKING offers a comprehensive introduction to the field with a strong focus on the social aspects of decision making processes. Winner of the prestigious William James Book Award, THE PSYCHOLOGY OF JUDGMENT AND DECISION MAKING is an informative and engaging introduction to the field written in a style that is equally accessible to the introductory psychology student, the lay person, or the professional. A unique feature of this volume is the Reader Survey which readers are to complete before beginning the book. The questions in the Reader Survey are drawn from many of the studies discussed throughout the book, allowing readers to compare their answers with the responses given by people in the original studies. This title is part of The McGraw-Hill...
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Harvard Business Essentials, Decision Making: 5 Steps to Better Results
by Harvard Business School Press (Compiler)
The New Manager's Guide and Mentor "The Harvard Business Essentials" series is designed to provide comprehensive advice, personal coaching, background information, and guidance on the most relevant topics in business. Whether you are a new manager seeking to expand your skills or a seasoned professional looking to broaden your knowledge base, these solution-oriented books put reliable answers at your fingertips. Decision making is a critical part of management, and bad choices can damage careers and the bottom line. This book offers the tools and advice managers need to avoid common biases and arrive at and implement decisions that are both sound and ethical.
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Winning Decisions: Getting It Right the First Time
by J. Edward Russo (Author), Paul J.H. Schoemaker (Author)
Business revolves around making decisions, often risky decisions, usually with incomplete information and too often in less time than we need. Executives at every level, in every industry, are confronted with information overload, less leeway for mistakes, and a business environment that changes rapidly. In light of this increased pressure and volatility, the old-fashioned ways of making decisions–depending on intuition, common sense, and specialized expertise–are simply no longer sufficient. Distilling over thirty years of groundbreaking research, Winning Decisions, written by two seasoned business advisers and world leaders in behavioral decision studies, is a comprehensive, one-of-a-kind guide to the proven methods of making critical business decisions confidently, quickly–and...
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Facilitator's Guide to Participatory Decision-Making (Jossey-Bass Business & Management)
by Sam Kaner (Author), Lenny Lind (Author), Catherine Toldi (Author), Sarah Fisk (Author), Duane Berger (Author), Michael Doyle (Foreword)
"The best book on collaboration ever written!" —Diane Flannery, founding CEO, Juma Ventures And now this classic book is even better—much better. Completely revised and updated, the second edition is loaded with new tools and techniques. Two powerful new chapters on agenda design A full section devoted to reaching closure More than twice as many tools for handling difficult dynamics 70 brand-new pages and over 100 pages significantly improved
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Decisions, Decisions: The Art of Effective Decision Making
by David A. Welch (Author)
You're tempted to accept a promising job offer in another city, but moving would entail considerable sacrifice on the part of your family. What should you do? Your elderly mother can no longer take care of herself but she doesn't get along with your spouse and dreads the prospect of moving into a nursing home. What is the solution? Whether you're faced with decisions momentous or trivial, how you go about resolving everyday dilemmas will definitely affect your degree of satisfaction in life. In this engrossing and entertaining guide, David Welch, who has studied the decision-making process at the highest levels, shows how both the science and the art of decision making are essential to us all. Welch lays out nine steps to effective decision making and then shows us how to...
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How We Decide
by Jonah Lehrer (Author)
Since Plato, philosophers have described the decision making process as either rational or emotional: we carefully deliberate or we "blink" and go with our gut. But as scientists break open the mind’s black box with the latest tools of neuroscience, they’re discovering that this is not how the mind works.Our best decisions are a finely tuned blend of both feeling and reason—and the precise mix depends on the situation. The trick is to determine when to lean on which part of the brain, and to do this, we need to think harder (and smarter) about how we think. Jonah Lehrer arms us with the tools we need, drawing on cutting-edge research as well as the real-world experiences of a wide range of "deciders"—from airplane pilots and hedge fund investors to serial killers and...
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Decision Making and the Will of God: A Biblical Alternative to the Traditional View
by Garry Friesen (Author), J. Robin Maxson (Contributor)
Does God have a perfect will for each Christian? Can you be absolutely sure you’ve found God’s individual will for your life? Garry Friesen examines the traditional view of God’s will, then sets forth a different view that more accurately reflects biblical teaching. This new edition of Decision Making takes up the practical issues of choosing a mate, picking a career, giving of one’s resources, and areas of disagreement between Christians to give readers a new approach to knowing the will of God.
Mr. Friesen also addresses many of the arguments that have surfaced since the original printing of this book over twenty-four years ago.
Does God Have a Perfect Will for Your Life?
Does God have a perfect will for each Christian? Can you be absolutely certain of...
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