Quotes & Sayings About Rational Decision Making

Time and again, we let the fear of loss overpower rational decision-making and often make ourselves worse off just to avoid a potential loss. Psychologists call this loss aversion, and it means we often tend to prefer avoiding losses at the expense of acquiring gains. — L. Jon Wertheim

Human decision-making is complex. On our own, our tendency to yield to short-term temptations, and even to addictions, may be too strong for our rational, long-term planning. — Peter Singer

You will make a perfectly rational mistake: You will assume that sooner or later the paradigm you are presently practicing (which has been mostly successful) will solve all the rest of your problems. — Joel Barker

I'm so glad I was born with estrogen and not testosterone. It makes decision-making and rational thought so much easier. I — Katie Graykowski

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains. — Dan Ariely

It is a mistake to let aesthetics drive your rational decision making. — Cory Doctorow

The WHY exists in the part of the brain that controls feelings and decision-making but not language. WHATs exist in the part of the brain that controls rational thought and language. — Simon Sinek

Outside of the marriage context, can you think of any other rational basis, reason, for a state using sexual orientation as a factor in denying homosexuals benefits or imposing burdens on them? Is there any other rational decision-making that the government could make? Denying them a job, not granting them benefits of some sort, any other decision? — Sonia Sotomayor

The kind of evidence that was put before the jurors led to less-than-rational decision-making. I think that juries are composed of good people who can be misled. — Kenneth C. Frazier

Continually one faces the horrible matter of making decisions. The solution is, as far as possible, to avoid conscious rational decisions and choices; simply to do what you find yourself doing; to float in the great current of life with as little friction as possible; to allow things to settle themselves, as indeed they do with the most infallible certainty. — Christopher Morley

When we allow ourselves to ignore a rational option in favor of an irrational one, or perhaps an unjustified one, it's like eating junk food. It fills the need for making a decision but does so with no decision at all. Just like junk food, it satiates the need to act, but it requires no action at all. — Farshad Asl

The widest cause of secularization may be the steady change of thinking so that there is the expectation that reason and a consideration of cause and effect will help with explanations. Supernatural power began to be removed from explanations of the process of life or society in the seventeenth century, and although there may be a nod towards astrology or the crossed finger today, superstition is not seriously used in decision making ...
Scientific thinking, which similarly developed in the seventeenth century, has been influential in bringing this change. We now see that tornadoes and earthquakes have rational explanations in terms of climatology and seismology rather than as divine punishments. Most people when deciding whether to take a new job, embark on a divorce, or simply plan a holiday will not seek divine guidance, but rather discuss with themselves or others the issues of cause and effect. — Jim Herrick

Many of the cataclysmic leadership failures were failures of rationality. The pendulum of leadership development needs to swing back toward the rational: strategy, creativity, foresight, decision-making, and analytics. — Paul Gibbons

Don't let your emotions get in the way of rational decision making. — Roy Bennett

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts. — Bill Ackman

Psychologist Arthur S. Reber offers the following summary of the psychological research on decision making: "During the 1970s . . . it became increasingly apparent that people do not typically solve problems, make decisions, or reach conclusions using the kinds of standard, conscious, and rational processes that they were more-or-less assumed to be using." To the contrary, people could best be described, in much of their decision making, as being "arational": "When people were observed making choices and solving problems of interesting complexity, the rational and logical elements were often missing. — William B. Irvine

Hence, contrary to the conclusion arrived at by the public goods theorists, logic forces one to accept the result that only a pure market system can safeguard the rationality, from the point of view of the consumers, of a decision to produce a public good. And only under a pure capitalist order could it be ensured that the decision about how much of a public good to produce (provided it should be produced at all) would be rational as well. 17 No less than a semantic revolution of truly Orwellian dimensions would be required to come up with a different result. Only if one were willing to interpret someone's "no" as really meaning "yes," the "nonbuying of something" as meaning that it is really "preferred over that which the nonbuying person does instead of nonbuying," of "force" really meaning "freedom," of "noncontracting" really meaning "making a contract" and so on, could the public goods theorists' point be "proven. — Hans-Hermann Hoppe

Knowing where things are, and why, is essential to rational decision making — Jack Dangermond

Standard economics assumes that we are rational ... But, as the results presented in this book (and others) show, we are far less rational in our decision making ... Our irrational behaviors arevneither random nor senseless- they are systematic and predictable. We all make the same types of mistakes over and over, because of he basic wiring of our brains.-pg. 239 — Dan Ariely

But, as the results presented in this book (and others) show, we are all far less rational in our decision making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless-they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains. So wouldn't it make sense to modify standard economics and move away from naive psychology, which often fails the tests of reason, introspection, and-most important-empirical scrutiny?

Wouldn't economics make a lot more sense if it were based on how people actually behave, instead of how they should behave? As I said in the Introduction, that simple idea is the basis of behavioral economics, an emerging field focused on the (quite intrusive) idea that people do not always behave rationally and that they often make mistakes in their decisions. — Dan Ariely

Instead of looking at leadership as decision making - as a rational process of sifting through data, analyzing trends, and making decisions based on predicting futures - a design framework emphasizes pragmatic experimentation. — Frank J. Barrett

Feelings should never supersede rational thought ... so, if you feel that you've got the answer, you should think some more. — Julie Ann Elliott-Morton