Thursday, October 11, 2007

Making Great Decisions in Business and Life

Making Great Decisions in Business and Life is a book that tries to teach people how to make better decisions. David Henderson and Charles Hooper provide a few interesting anecdotes, but overall, the book falls flat. Basically, their advice comes down to: evaluate the value of each possible choice when making a decision, and then choose the path of highest value. They tell a bunch of stories, some of questionable relevance, and for each one lay out a decision tree, make up some probabilities and values, and say what people should have done.

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