Summary of The Right Decision
A Mathematician Reveals How the Secrets of Decision Theory Can Help You Make the Right Decision Every Time
Make the right decision by finding the right framework.
Making decisions is hard, and understanding new theoretical approaches to decision making can be even harder. Mathematics professor James Stein does a fine job of explaining these theoretical frameworks, converting abstract theory to applicable tools and illustrating his explanations with numerous examples. Stein offers many case studies, so readers can apply their understanding of the theoretical tools. But he doesn’t always provide sufficient explanation of the factors involved or the reasoning behind how the decision makers in the scenarios weigh their choices. That aside, this is a useful introduction to a complex subject. getAbstract recommends Stein’s methods to planners, managers, strategists and anyone who wants to make better decisions.
In this summary, you will learn
- What making decisions involves,
- What principles guide superior decision making and
- How to make better decisions.
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