Making Wise Decisions In A Smart World

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Making Wise Decisions In A Smart World: Responsible Leadership In An Era Of Artificial Intelligence (Student Edition)

Author : Peter Verhezen
Publisher : World Scientific
ISBN 13 : 981126807X
Total Pages : 398 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Making Wise Decisions In A Smart World: Responsible Leadership In An Era Of Artificial Intelligence (Student Edition) by : Peter Verhezen

Download or read book Making Wise Decisions In A Smart World: Responsible Leadership In An Era Of Artificial Intelligence (Student Edition) written by Peter Verhezen and published by World Scientific. This book was released on 2023-03-07 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good and smart decisions should be distinguished from wise decision-making — especially in the age of artificial intelligence (AI) where algorithms are increasingly used to automate business processes or to augment the accuracy and speed of decisions. This book argues why specific forms of intelligence as well as consciousness and enhanced conscience are crucial to make wise decisions — with consciousness to be clearly distinguished from intelligence. It also addresses why machine learning and smart computers (AI) are plausibly able to make 'smart' (and thus to a certain extent 'intelligent') decisions but definitely unable to help us to become wiser. In essence, optimizing a desired output in a business context will require a balanced approach with cognitive awareness and ethical reflection — synthesizing intuitive and algorithmic thinking — encompassing short-term profit and longer-term envisioning, and aiming to optimize created and captured value for shareholders while taking the concerns of those who have a real stake in the organization seriously. If business is about creating and sharing value in a future that is both 'digital' and 'relational', then innovative technologies like AI will play an increasingly important role. Consequently, mindful executives and their responsible boards therefore need to acknowledge the limitations of AI in business — especially when the uncertain future is estimated to be rather volatile or ambiguous than stable.

Making Wise Decisions in a Smart World

Author : Peter Verhezen
Publisher : World Scientific Publishing Company
ISBN 13 : 9789811269424
Total Pages : 0 pages
Book Rating : 4.2/5 (694 download)

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Book Synopsis Making Wise Decisions in a Smart World by : Peter Verhezen

Download or read book Making Wise Decisions in a Smart World written by Peter Verhezen and published by World Scientific Publishing Company. This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "First book that presents an integrated view on benefits and limitations of artificial intelligence (AI) in a corporate world, and how it relates to the distinction of objective descriptive phenomena versus subjective experiences and prescriptive/normative thinking where AI may help us humans to become smarter but not wiser"--

How to Stay Smart in a Smart World

Author : Gerd Gigerenzer
Publisher : MIT Press
ISBN 13 : 0262046954
Total Pages : 321 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis How to Stay Smart in a Smart World by : Gerd Gigerenzer

Download or read book How to Stay Smart in a Smart World written by Gerd Gigerenzer and published by MIT Press. This book was released on 2022-08-02 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to stay in charge in a world populated by algorithms that beat us in chess, find us romantic partners, and tell us to “turn right in 500 yards.” Doomsday prophets of technology predict that robots will take over the world, leaving humans behind in the dust. Tech industry boosters think replacing people with software might make the world a better place—while tech industry critics warn darkly about surveillance capitalism. Despite their differing views of the future, they all agree: machines will soon do everything better than humans. In How to Stay Smart in a Smart World, Gerd Gigerenzer shows why that’s not true, and tells us how we can stay in charge in a world populated by algorithms. Machines powered by artificial intelligence are good at some things (playing chess), but not others (life-and-death decisions, or anything involving uncertainty). Gigerenzer explains why algorithms often fail at finding us romantic partners (love is not chess), why self-driving cars fall prey to the Russian Tank Fallacy, and how judges and police rely increasingly on nontransparent “black box” algorithms to predict whether a criminal defendant will reoffend or show up in court. He invokes Black Mirror, considers the privacy paradox (people want privacy, but give their data away), and explains that social media get us hooked by programming intermittent reinforcement in the form of the “like” button. We shouldn’t trust smart technology unconditionally, Gigerenzer tells us, but we shouldn’t fear it unthinkingly, either.

Risk Savvy

Author : Gerd Gigerenzer
Publisher : Penguin
ISBN 13 : 0143127101
Total Pages : 338 pages
Book Rating : 4.1/5 (431 download)

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Book Synopsis Risk Savvy by : Gerd Gigerenzer

Download or read book Risk Savvy written by Gerd Gigerenzer and published by Penguin. This book was released on 2015-03-31 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new eye-opener on how we can make better decisions—by the author of Gut Feelings In this age of big data we often trust that expert analysis—whether it’s about next year’s stock market or a person’s risk of getting cancer—is accurate. But, as risk expert Gerd Gigerenzer reveals in his latest book, Risk Savvy, most of us, including doctors, lawyers, and financial advisors, often misunderstand statistics, leaving us misinformed and vulnerable to exploitation. Yet there’s hope. In Risk Savvy, Gigerenzer gives us an essential guide to the science of good decision making, showing how ordinary people can make better decisions for their money, their health, and their families. Here, Gigerenzer delivers the surprising conclusion that the best results often come from considering less information and listening to your gut.

Smart Choices

Author : John S. Hammond
Publisher : Harvard Business School Press
ISBN 13 : 9781633691049
Total Pages : 256 pages
Book Rating : 4.6/5 (91 download)

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Book Synopsis Smart Choices by : John S. Hammond

Download or read book Smart Choices written by John S. Hammond and published by Harvard Business School Press. This book was released on 2015-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where should I live? Is it time to get a new job? Which job candidate should I hire? What business strategy should I pursue? We spend the majority of our lives making decisions, both big and small. Yet, even though our success is largely determined by the choices that we make, very few of us are equipped with useful decision-making skills. Because of this, we often approach our choices tentatively, or even fearfully, and avoid giving them the time and thought required to put our best foot forward. In Smart Choices, John Hammond, Ralph Keeney, and Howard Raiffa--experts with over 100 years of experience resolving complex decision problems--offer a proven, straightforward, and flexible roadmap for making better and more impactful decisions, and offer the tools to achieve your goals in every aspect of your life. Their step-by-step, divide-and conquer approach will teach you how to: * Evaluate your plans * Break your potential decision into its key elements * Identify the key drivers that are most relevant to your goals * Apply systematic thinking * Use the right information to make the smartest choice Smart Choices doesn’t tell you what to decide; it tells you how. As you routinely use the process, you’ll become more confident in your ability to make decisions at work and at home. And, more importantly, by applying its time-tested methods, you’ll make better decisions going forward. Be proactive. Don’t wait until a decision is forced on you--or made for you. Seek out decisions that advance your long-term goals, values, and beliefs. Take charge of your life by making Smart Choices a lifetime habit.

The Great Mental Models, Volume 1

Author : Shane Parrish
Publisher : Penguin
ISBN 13 : 0593719972
Total Pages : 0 pages
Book Rating : 4.5/5 (937 download)

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Book Synopsis The Great Mental Models, Volume 1 by : Shane Parrish

Download or read book The Great Mental Models, Volume 1 written by Shane Parrish and published by Penguin. This book was released on 2024-10-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.

Wise Decisions

Author : James E. Loehr
Publisher : John Wiley & Sons
ISBN 13 : 1119931401
Total Pages : 246 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Wise Decisions by : James E. Loehr

Download or read book Wise Decisions written by James E. Loehr and published by John Wiley & Sons. This book was released on 2022-12-08 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concrete and hands-on method for improving your everyday decisions Every 15 minutes, each of us can make ten or more small decisions. Some of them are relatively inconsequential, while others can change the course of our lives. What if you could improve all of your decisions, across the board, and start to build a healthier, more productive, and meaningful life? In Wise Decisions: A Science-Based Approach to Making Better Choices, a team of accomplished industry experts delivers an evidence- and research-based blueprint for making the best decisions you can with the information you have. You’ll learn to make the targeted, repeated investment of energy required to turn your decision-making process into one informed by reason, emotion, intuition, and science. In the book, you’ll discover: How to put the decision-making process under a microscope and learn what makes a decision truly wise Ways to help children, teens, and families make wise decisions How to train yourself to make wise decisions with voice training and other strategies A can’t-miss resource for parents, teachers, coaches, managers, executives, and other business leaders, Wise Decisions also offers timeless advice and guidance for anyone else hoping to improve the decision-making abilities of the people close to them.

Better Decisions, Fewer Regrets

Author : Andy Stanley
Publisher : Zondervan
ISBN 13 : 031053710X
Total Pages : 193 pages
Book Rating : 4.3/5 (15 download)

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Book Synopsis Better Decisions, Fewer Regrets by : Andy Stanley

Download or read book Better Decisions, Fewer Regrets written by Andy Stanley and published by Zondervan. This book was released on 2020-10-20 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Set yourself up for success in every season of life, for the rest of your life. Discover five game-changing questions to ask every time you make a major decision regarding your finances, relationships, career, and more. Good questions lead to better decisions. And your decisions determine the direction and quality of your life—they create the story of your life. And while nobody plans to complicate their life with bad decisions, far too many people have no plan to make good decisions. In Better Decisions, Fewer Regrets, Andy Stanley—pastor and bestselling author of Irresistible and Not In It To Win It—will help you learn from experience and stop making bad decisions by integrating five questions into every decision you make, big or small. This book will help you live differently by showing you how to: Develop a decision-making filter that reveals which choices will likely lead to positive results. Avoid selling yourself on bad ideas and making quick decisions when time is short. Find truth and clarity in any tricky decision. Improve relationships and heal division through better decisions. Discover the reasons behind your decisions so you can move forward with positive changes. Consider the long-term impact of your choices so you can write a life story worth celebrating. Easily identify any red flags that signal which decisions may result in future regrets.

Sources of Power

Author : Gary A. Klein
Publisher : MIT Press
ISBN 13 : 0262260867
Total Pages : 372 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Sources of Power by : Gary A. Klein

Download or read book Sources of Power written by Gary A. Klein and published by MIT Press. This book was released on 1999-02-18 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anyone who watches the television news has seen images of firefighters rescuing people from burning buildings and paramedics treating bombing victims. How do these individuals make the split-second decisions that save lives? Most studies of decision making, based on artificial tasks assigned in laboratory settings, view people as biased and unskilled. Gary Klein is one of the developers of the naturalistic decision making approach, which views people as inherently skilled and experienced. It documents human strengths and capabilities that so far have been downplayed or ignored. Since 1985, Klein has conducted fieldwork to find out how people tackle challenges in difficult, nonroutine situations. Sources of Power is based on observations of humans acting under such real-life constraints as time pressure, high stakes, personal responsibility, and shifting conditions. The professionals studied include firefighters, critical care nurses, pilots, nuclear power plant operators, battle planners, and chess masters. Each chapter builds on key incidents and examples to make the description of the methodology and phenomena more vivid. In addition to providing information that can be used by professionals in management, psychology, engineering, and other fields, the book presents an overview of the research approach of naturalistic decision making and expands our knowledge of the strengths people bring to difficult tasks.

Wise Choices

Author : Richard Zeckhauser
Publisher : Harvard Business School Press
ISBN 13 : 9780875846774
Total Pages : 478 pages
Book Rating : 4.8/5 (467 download)

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Book Synopsis Wise Choices by : Richard Zeckhauser

Download or read book Wise Choices written by Richard Zeckhauser and published by Harvard Business School Press. This book was released on 1996 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts in economics, psychology, statistics, and decision theory explore the question of how to make wise choices that improve the welfare of individuals and society

Winning Decisions

Author : J. Edward Russo
Publisher : Crown Currency
ISBN 13 : 0385504942
Total Pages : 354 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis Winning Decisions by : J. Edward Russo

Download or read book Winning Decisions written by J. Edward Russo and published by Crown Currency. This book was released on 2002-04-23 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 correctly. Decision-making is a business skill which managers often take for granted in themselves and others–but it's not as easy as some might think. The authors, whose expertise has been sought out by over a hundred companies, including Arthur Andersen, Hewlett-Packard, IBM, and Unilever, contend that decision-making, like any other skill, must be developed and honed if it is to be used effectively. Winning Decisions offers step-by-step analyses of how people typically make decisions, and provides invaluable advice on how to improve your chances of getting your next big decision right the first time. The book is packed with worksheets, tools, questionnaires, case studies, and anecdotes analyzing major decisions made by organizations like British Airways, NASA, Shell Oil, and Pepsi. Some of the proven, straightforward techniques covered in Winning Decisions include how to: Reframe issues to ensure that the real problem is being addressedImprove the quality and quantity of your options Convert expert yet conflicting opinions into useful insights Make diversity of views and conflict work to your advantage Foster efficient and effective group decision-making Learn from past decisions--your own and those of others With Winning Decisions, managers and other professionals now have access to a proven set of skills and strategies they need for making the right decision, right away.

The Little Black Book of Decision Making

Author : Michael Nicholas
Publisher : John Wiley & Sons
ISBN 13 : 0857087029
Total Pages : 256 pages
Book Rating : 4.8/5 (57 download)

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Book Synopsis The Little Black Book of Decision Making by : Michael Nicholas

Download or read book The Little Black Book of Decision Making written by Michael Nicholas and published by John Wiley & Sons. This book was released on 2017-08-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The secret to making the right call in an increasingly complex world The decisions we make every day – frequently automatic and incredibly fast – impact every area of our lives. The Little Black Book of Decision Making delves into the cognition behind decision making, guiding you through the different ways your mind approaches various scenarios. You'll learn to notice that decision making is a matter of balance between your rational side and your intuition – the trick is in honing your intuition to steer you down the right path. Pure reasoning cannot provide all of the answers, and relying solely on intuition could prove catastrophic in business. There must be a balance between the two, and the proportions may change with each situation. This book helps you quickly pinpoint the right mix of logic and 'gut feeling,' and use it to find the best possible solution. Balance logic and intuition in your decision making approach Avoid traps set by the mind's inherent bias Understand the cognitive process of decision making Sharpen your professional judgement in any situation Decision making is the primary difference between organisations that lead and those that struggle. The Little Black Book of Decision Making helps you uncover errors in thinking before they become errors in judgement.

Research Handbook on Organisational Integrity

Author : Muel Kaptein
Publisher : Edward Elgar Publishing
ISBN 13 : 1803927933
Total Pages : 647 pages
Book Rating : 4.8/5 (39 download)

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Book Synopsis Research Handbook on Organisational Integrity by : Muel Kaptein

Download or read book Research Handbook on Organisational Integrity written by Muel Kaptein and published by Edward Elgar Publishing. This book was released on 2024-02-12 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking Research Handbook showcases the value, uniqueness, versatility, and holistic character of organisational integrity. Bringing together diverse perspectives from a wide range of expert contributors, it not only provides a comprehensive overview of the current state of the field, but also charts exciting new directions for future research.

Simple Heuristics that Make Us Smart

Author : Gerd Gigerenzer
Publisher : Oxford University Press
ISBN 13 : 0190286768
Total Pages : 432 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Simple Heuristics that Make Us Smart by : Gerd Gigerenzer

Download or read book Simple Heuristics that Make Us Smart written by Gerd Gigerenzer and published by Oxford University Press. This book was released on 2000-10-12 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is about fast and frugal heuristics--simple rules for making decisions when time is pressing and deep thought an unaffordable luxury. These heuristics can enable both living organisms and artificial systems to make smart choices, classifications, and predictions by employing bounded rationality. But when and how can such fast and frugal heuristics work? Can judgments based simply on one good reason be as accurate as those based on many reasons? Could less knowledge even lead to systematically better predictions than more knowledge? Simple Heuristics explores these questions, developing computational models of heuristics and testing them through experiments and analyses. It shows how fast and frugal heuristics can produce adaptive decisions in situations as varied as choosing a mate, dividing resources among offspring, predicting high school drop out rates, and playing the stock market. As an interdisciplinary work that is both useful and engaging, this book will appeal to a wide audience. It is ideal for researchers in cognitive psychology, evolutionary psychology, and cognitive science, as well as in economics and artificial intelligence. It will also inspire anyone interested in simply making good decisions.

Thinking in Bets

Author : Annie Duke
Publisher : Penguin
ISBN 13 : 0735216371
Total Pages : 289 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Thinking in Bets by : Annie Duke

Download or read book Thinking in Bets written by Annie Duke and published by Penguin. This book was released on 2019-05-07 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal bestseller, now in paperback. Poker champion turned decision strategist Annie Duke teaches you how to get comfortable with uncertainty and make better decisions. Even the best decision doesn't yield the best outcome every time. There's always an element of luck that you can't control, and there's always information hidden from view. So the key to long-term success (and avoiding worrying yourself to death) is to think in bets: How sure am I? What are the possible ways things could turn out? What decision has the highest odds of success? Did I land in the unlucky 10% on the strategy that works 90% of the time? Or is my success attributable to dumb luck rather than great decision making? Annie Duke, a former World Series of Poker champion turned consultant, draws on examples from business, sports, politics, and (of course) poker to share tools anyone can use to embrace uncertainty and make better decisions. For most people, it's difficult to say "I'm not sure" in a world that values and, even, rewards the appearance of certainty. But professional poker players are comfortable with the fact that great decisions don't always lead to great outcomes, and bad decisions don't always lead to bad outcomes. By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making. You'll become more confident, calm, compassionate, and successful in the long run.

HBR's 10 Must Reads on Making Smart Decisions (with featured article "Before You Make That Big Decision..." by Daniel Kahneman, Dan Lovallo, and Olivier Sibony)

Download HBR's 10 Must Reads on Making Smart Decisions (with featured article

Author : Harvard Business Review
Publisher : Harvard Business Press
ISBN 13 : 1422191435
Total Pages : 194 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis HBR's 10 Must Reads on Making Smart Decisions (with featured article "Before You Make That Big Decision..." by Daniel Kahneman, Dan Lovallo, and Olivier Sibony) by : Harvard Business Review

Download or read book HBR's 10 Must Reads on Making Smart Decisions (with featured article "Before You Make That Big Decision..." by Daniel Kahneman, Dan Lovallo, and Olivier Sibony) written by Harvard Business Review and published by Harvard Business Press. This book was released on 2013-03-05 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn why bad decisions happen to good managers—and how to make better ones. If you read nothing else on decision making, read these 10 articles. We’ve combed through hundreds of articles in the Harvard Business Review archive and selected the most important ones to help you and your organization make better choices and avoid common traps. Leading experts such as Ram Charan, Michael Mankins, and Thomas Davenport provide the insights and advice you need to: Make bold decisions that challenge the status quo Support your decisions with diverse data Evaluate risks and benefits with equal rigor Check for faulty cause-and-effect reasoning Test your decisions with experiments Foster and address constructive criticism Defeat indecisiveness with clear accountability

Smart Decisions

Author : Thomas N. Martin
Publisher : Springer
ISBN 13 : 1137537000
Total Pages : 185 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Smart Decisions by : Thomas N. Martin

Download or read book Smart Decisions written by Thomas N. Martin and published by Springer. This book was released on 2016-04-29 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's world is complex and getting more so each day. Huge multinational corporations, international crisis and fast breaking events require most people to make decisions on a daily basis without the tools to understand the long term impact that today's decision might create. Because most people have never really been trained in how to make important complex decisions most people rely on experience, and 'gut reaction' which is okay for many decisions, but not okay for decision that will have meaningful impact on organizations and individual. Decision makers need to develop the art and science of strategic decision making. Here, Professor Thomas Martin explains the need for decision makers to modify their thinking about how they deal with acquiring and analyzing information in each of the decision-making process steps. This approach requiring thinking modification will lengthen the process, make it more complex, and to some more arduous, but the comprehensiveness of the new thinking approach should lead to improved and more effective decision making. In this book, Dr. Martin presents a thinking modification framework that asserts that in the decision-making process, there are three situational states — a current state, future state, and a transitional state that one must deliberate in finding a solution. For each of these situational states, Martin develops an identical five-step process to determine the best decision to make. The steps of this process include: • Change-Needing Situational Analysis • Challenge Framing & Causal Analysis • Generating Solution Ideas • Choosing a Solution Set • Implementation and Aftermath Planning This book will appeal to decision makers, leaders, and students of management who want a specific framework that details the process behind making strategic, well-informed decisions.