Smart Choices: A Practical Guide to Making Better Decisions

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I suspect for non-experts, the presentation and ideas could be worth 4 stars for providing a more systematic approach to decision making. If you already know rational choice and expected utility theories, this book serves more as a simplified reminder of how to systematically structure your decision making process. Start with clarifying the problem and objectives, search for alternative choices, then evaluate consequences. When possible use some sort of table and even do a spreadsheet to help rank alternatives numerically. The level of informality in explaining things like expected utility/value calculations made the presentation seem less clear and compelling for me, as if you have to search for the main idea between the words. But again, maybe this is better for complete non-experts in decision theory.

Making Smart Choices: 8 Keys to Making Effective Decisions

Smart Choice provides a vast choice of carriers to place insurance including access to Nationwide Insurance Commercial policies.

Our revenue has increased significantly since we’ve joined Smart Choice. We were able to reach the commission cap in a short period of time and we’re now able to get paid 100% commission and participate in profit sharing on an annual basis. This is something that we never had before when we worked exclusively with wholesalers. To ensure her decision-making process is sound, Turrentine tuned to a virtual talk by Ralph Keeney, research professor emeritus at the Fuqua School of Business. The August talk, called “ Nudge Yourself to Make Smarter Decisions,” was part of Fuqua’s ongoing series on LinkedIn Live where professors and leaders share expertise in 30-minute sessions. Dr. Keeney’s presentation was based on his new book “ Give Yourself a Nudge,” published by Cambridge University Press in April of this year.

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The LGA consulted broadly with Manitobans, including hospitality industry representatives, as part of the development of Manitoba’s new liquor laws in 2014. The LGA has communicated with all retail and service licensees about Smart Choices.Smart Choices, a new training program for hospitality industry employees, launched January 2, 2017. Smart Choices replaces Serving It Safe and the Problem Gambling Assistance Program. Manitoba’s liquor and gaming regulator, the Liquor and Gaming Authority of Manitoba (LGA), and the Manitoba Tourism Education Council (MTEC) have partnered to develop and deliver the online program. We don’t weigh the advantage / disadvantages of each alternative. Because even the best option has a disadvantage and the worst option has an advantage. To my surprise, I found "Smart Choices" to be pleasantly easy to read and the steps so simple to follow. At first I expected a more academic and monotonous approach to the topic of decision-making from this book, since it is a Harvard Business Review Press publication. The books published under that publication company tend to be filled with business jargon that can only be understood by people already familiar with business-related areas of study. However, "Smart Choices" is the type of book that avoids the mentioned trend by reaching out to readers whom simply wish to seek out and improve their skills in decision-making.

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If you have Serving it Safe or It’s Good Business training, you have until December 31, 2022, to complete Smart Choices. If you do not have a current responsible service training, you must complete Smart Choices before starting work in a licensed service or retail establishment. achievements so this allowed my Agency to partner with prominent carriers. As my Agency grew, I was able to achieve 100% of my commissions. Without Smart Choice, I wouldn’t be where I am today. We have to accept that there is still much information we don’t know and can’t ever know until the outcome of any option Create imaginative alternatives.… Remember: your decision can be no better than your best alternative. …

Authors Hammond, Keeney, and Raiffa, among the world’s experts on resolving complex decision problems, have created a user-friendly set of techniques for assessing your options more clearly and effectively, ultimately empowering you to make smarter choices. Their step-by-step procedures combine solid research which practical experience and common sense to help you specify your objectives, identify creative alternatives, make reasoned tradeoffs, clarify uncertainties, and evaluate the risks.

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Think hard about your risk tolerance. When decisions involve uncertainties, the desired consequence may not be the one that actually results. A much-deliberated bone marrow transplant may or may not halt cancer. … Karen Kharasch, senior director of research strategy and operations for the Duke Cancer Institute, also listened to Keeney’s LinkedIn Live for help with professional and personal decisions, like setting boundaries for ending her work day while working remotely. Well, some might argue that the techniques provided in this book are basics and nothing phenomenal. But I disagree with them, since in most of the decision making process the techniques provided here are the fundamental things that we must do but we don't. And that leads everything haywire. This course has been designed by UCAS to help you better understand the study and training opportunities open to you. The wide range of subjects, universities, and options available can be overwhelming. Exploring your choices and making decisions can be quite daunting. So we’ve put together a set of materials to help shape your thinking. Choose the right subject and pathway for you This Book is one of the best book one can get on improving Decisions. The Step By Step Process on How we should make a decision using the PROACT method to make a smart decision.

Most of the advice here is basically various forms of: think carefully about the objectives, alternative choices and consequences. The main aids in the book besides common sense and whatever data one can find e.g on the web or from experts are the recommendation to do a consequences table (matrix of alternatives and consequences for key objectives of each alternative), and maybe attempting an expected utility/value calculation for important decisions. The authors explicitly reject as a bias any tendency to assign higher probabilities to negative events as a precaution, but the more recent decision theory literature suggests this could be a good practice to account for rational ambiguity or robustness. The most recent theories of rational choice suggest robust multiple priors models as maybe more rational than expected utility using a single probability distribution or Bayesian model combination. Our Smart Choice Territory Manager (TM) is amazing, and I knew that he would help me become successful in a challenging insurance environment. My agency would not be where it is today if it wasn’t for Smart Choice and my TM, Chris Reisdorf. The certification consists of interactive courses and a final quiz. The courses do not have a time limit and can be taken at your own pace. You will have two attempts to pass the final quiz with at least a grade of 75%. Accounts created by MTEC are no longer active as Smart Choices is now hosted by a different provider.