7. Decision Types

7.1 Uncertainty, Confidence, and Rational Decisions



In this short video, the main problem of the course, decision-making under uncertainty, is reexamined. Acknowledging randomness and communicating uncertainty is essential to the process of making the best possible choices in uncertain situations.



7.2 Simplification and Decision Capacity


Simplification is an important but underused decision-making tool. This video describes the idea of simplification and its relation to two concepts: automation and elimination. Minimizing the number of decisions we make on a daily basis saves energy and could increase the likelihood of success.



7.3 Different Types of Decisions and Events


This video discusses another way to simplify life to make better decisions: categorization. A distinction is drawn between high-impact and low-impact decisions and the importance of each is emphasized. The Law of Large Numbers governs some decisions more than others.



7.4 Potential Harm and Decision Structures


This video continues the discussion of high- and low-impact decisions. Examining the potential harm that can arise from a decision can help in the process of categorization.