Decision-Making Books

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Predictably Irrational: The Hidden Forces That Shape Our Decisions

Dan Ariely

Predictably Irrational: The Hidden Forces That Shape Our Decisions Dan Ariely Amazon Price: $17.13
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By: HarperCollins
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Total reviews: 156 Average rating: 4.0 of 5

Editorial Review:

  • Why do our headaches persist after taking a one-cent aspirin but disappear when we take a 50-cent aspirin?
  • Why does recalling the Ten Commandments reduce our tendency to lie, even when we couldn't possibly be caught?
  • Why do we splurge on a lavish meal but cut coupons to save twenty-five cents on a can of soup?
  • Why do we go back for second helpings at the unlimited buffet, even when our stomachs are already full?
  • And how did we ever start spending $4.15 on a cup of coffee when, just a few years ago, we used to pay less than a dollar?

When it comes to making decisions in our lives, we think we're in control. We think we're making smart, rational choices. But are we?

In a series of illuminating, often surprising experiments, MIT behavioral economist Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. Blending everyday experience with groundbreaking research, Ariely explains how expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities.

Not only do we make astonishingly simple mistakes every day, but we make the same types of mistakes, Ariely discovers. We consistently overpay, underestimate, and procrastinate. We fail to understand the profound effects of our emotions on what we want, and we overvalue what we already own. Yet these misguided behaviors are neither random nor senseless. They're systematic and predictable—making us predictably irrational.

From drinking coffee to losing weight, from buying a car to choosing a romantic partner, Ariely explains how to break through these systematic patterns of thought to make better decisions. Predictably Irrational will change the way we interact with the world—one small decision at a time.

Feel the Fear . . . and Do It Anyway (r)

Susan Jeffers

Feel the Fear . . . and Do It Anyway (r) Susan Jeffers Amazon Price: $11.16
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By: Ballantine Books
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Customer Reviews:
Total reviews: 124 Average rating: 4.5 of 5

Editorial Review:

THE PHENOMENAL CLASSIC THAT HAS CHANGED THE LIVES OF MILLIONS

Are you afraid of making decisions . . . asking your boss for a raise . . . leaving an unfulfilling relationship . . . facing the future? Whatever your fear, here is your chance to push through it once and for all. In this enduring guide to self-empowerment, Dr. Susan Jeffers inspires us with dynamic techniques and profound concepts that have helped countless people grab hold of their fears and move forward with their lives. Inside you’ll discover

• what we are afraid of, and why
• how to move from victim to creator
• the secret of making no lose decisions
• the vital 10-step process that helps you outtalk the negative chatterbox in your brain
• how to create more meaning in your life
And so much more!

With insight and humor, Dr. Jeffers shows you how to become powerful in the face of your fears–and enjoy the elation of living a creative, joyous, loving life.

“Should be required for every person who can read! I recommend this book in every one of my seminars!”
–Jack Canfield, co-author of Chicken Soup for the Soul

“It’s a must! The most practical guide to personal empowerment I have ever read. Feel the Fear . . . and Do It Anyway goes to number one on my recommended reading list.”
–Jordan Paul, Ph.D., co-author of Do I Have to Give Up Me to Be Loved by You?

“Living is taking chances, and Feel the Fear . . . and Do It Anyway has helped so many people, both men and women, to achieve success.”
–Louise L. Hay, author of The Power Is Within You

Influence: The Psychology of Persuasion

Robert B. Cialdini

Influence: The Psychology of Persuasion Robert B. Cialdini List Price: $15.95
By: Collins
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Customer Reviews:
Total reviews: 274 Average rating: 4.5 of 5

Looking into the mind for influence 5 out of 5 stars.
0 of 0 people found this review helpful.

This book is truly amazing!

It really goes deep into the hidden psychology on why people buy things and how they justify themselves to do it...

The author supports all his theories by quoting studies that were done to assess the psychology on why people buy.

The best part is, now you can learn to turbo-charge your business by knowing why and how people will buy from you.

Definitely a recommended book!

This Book Will Change Your Life: The Way You Think, Talk, and Touch 5 out of 5 stars.
0 of 0 people found this review helpful.

Cialdini's classic book on influence contains universal principles that govern our every day behavior, whether we are aware of them or not! Anyone who wants to achieve anything in this world must master these rules of persuasion. This is one of the most important psychological works ever created. It shows both the science and art of success.

Editorial Review:

Arguably the best book ever on what is increasingly becoming the science of persuasion. Whether you're a mere consumer or someone weaving the web of persuasion to urge others to buy or vote for your product, this is an essential book for understanding the psychological foundations of marketing. Recommended.

The Impulse Factor: Why Some of Us Play It Safe and Others Risk It All

Nick Tasler

The Impulse Factor: Why Some of Us Play It Safe and Others Risk It All Nick Tasler Amazon Price: $17.72
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Customer Reviews:
Total reviews: 22 Average rating: 4.5 of 5

Editorial Review:

In his work as research and development director at cutting-edge think tank TalentSmart, where he helps businesses work better and employees think smarter, Nick Tasler realized that the recent discovery by scientists of a potential-seeking gene could have a remarkable impact on how we understand decision making. Those who have this gene -- about one quarter of the population -- are endowed with impulsive tendencies that can lead to fast and decisive action or to foolish choices. The cautious majority that Tasler calls risk managers can make carefully considered decisions or become hopelessly lost in the fog of details. Now The Impulse Factor offers readers a unique online opportunity to analyze their own decision-making style and harness it to improve their everyday lives. Each book comes with access to a proprietary assessment developed specifically to evaluate impulsivity. With examples from business, psychology, and Tasler's own research at TalentSmart, the book also vividly illustrates how susceptible we are to the events around us and how our reactions often run contrary to our best interests.

By combining his research with real-world examples of extreme decision making, Tasler teaches readers how to thrive when faced with difficult choices. More than just a book, The Impulse Factor provides a clear understanding of why you make the choices you do -- and the tools to make those decisions change your business and your life.

The Psychology of Judgment and Decision Making

Scott Plous

The Psychology of Judgment and Decision Making Scott Plous Amazon Price: $67.27
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By: McGraw-Hill Humanities/Social Sciences/Languages
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Customer Reviews:
Total reviews: 17 Average rating: 5.0 of 5

Judging Judgment and Decision Making 4 out of 5 stars.
8 of 11 people found this review helpful.

A decade ago Scott Plous produced a very readable summary of research in social psychology and (what is now known as) behavioral economics.
Our understanding of how people actually behave (as opposed to our theories as to how they should behave) has been immeasurably enriched by work dating (variously) from Herbert Simon, Daniel Kahneman, Amos Tversky, Stanley Milgram and many others.
Management education has yet to fully take into account the many insights coming from psychologists, experimental economists and others so nicely summarized in this book.

Editorial Review:

THE PSYCHOLOGY OF JUDGMENT AND DECISION MAKING offers a comprehensive introduction to the field with a strong focus on the social aspects of decision making processes. Winner of the prestigious William James Book Award, THE PSYCHOLOGY OF JUDGMENT AND DECISION MAKING is an informative and engaging introduction to the field written in a style that is equally accessible to the introductory psychology student, the lay person, or the professional. A unique feature of this volume is the Reader Survey which readers are to complete before beginning the book. The questions in the Reader Survey are drawn from many of the studies discussed throughout the book, allowing readers to compare their answers with the responses given by people in the original studies. This title is part of The McGraw-Hill Series in Social Psychology.

Blunder: Why Smart People Make Bad Decisions

Zachary Shore

Blunder: Why Smart People Make Bad Decisions Zachary Shore Amazon Price: $16.50
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Total reviews: 3 Average rating: 4.0 of 5

Editorial Review:

We all make bad decisions. It's part of being human. The resulting mistakes can be valuable, the story goes, because we learn from them. But do we? Historian Zachary Shore says no, not always, and he has a long list of examples to prove his point.

From colonialism to globalization, from gender wars to civil wars, or any circumstance for which our best solutions backfire, Shore demonstrates how rigid thinking can subtly lead us to undermine ourselves. In the process, he identifies seven "cognition traps" to avoid. These insidious yet unavoidable mind-sets include:

-Exposure Anxiety: fear of being seen as weak

-Causefusion: confusing the causes of complex events

-Flat View: seeing the world in one dimension

-Cure-Allism: thinking that one-size solutions can solve all problems

-Infomania: an obsessive relationship to information

-Mirror Imaging: thinking the other side thinks like you do

-Static Cling: the refusal to accept that circumstances have changed

Drawing on examples from history, politics, business and economics, health care, even folk tales and popular culture, Shore illustrates the profound impact blunders can have. But he also emphasizes how understanding these seven simple cognition traps can help us all make wiser judgments in our daily lives.

For anyone whose best-laid plans have been foiled by faulty thinking, Blunder shines the penetrating spotlight of history on decision making and the patterns of thought that can lead us all astray.

Strategic Intuition: The Creative Spark in Human Achievement (Columbia Business School)

William Duggan

Strategic Intuition: The Creative Spark in Human Achievement (Columbia Business School) William Duggan Amazon Price: $18.45
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Total reviews: 7 Average rating: 4.5 of 5

Editorial Review:

How "Aha!" really happens.

When do you get your best ideas? You probably answer "At night," or "In the shower," or "Stuck in traffic." You get a flash of insight. Things come together in your mind. You connect the dots. You say to yourself, "Aha! I see what to do." Brain science now reveals how these flashes of insight happen. It's a special form of intuition. We call it strategic intuition, because it gives you an idea for action-a strategy.

Brain science tells us there are three kinds of intuition: ordinary, expert, and strategic. Ordinary intuition is just a feeling, a gut instinct. Expert intuition is snap judgments, when you instantly recognize something familiar, the way a tennis pro knows where the ball will go from the arc and speed of the opponent's racket. (Malcolm Gladwell wrote about this kind of intuition in Blink.) The third kind, strategic intuition, is not a vague feeling, like ordinary intuition. Strategic intuition is a clear thought. And it's not fast, like expert intuition. It's slow. That flash of insight you had last night might solve a problem that's been on your mind for a month. And it doesn't happen in familiar situations, like a tennis match. Strategic intuition works in new situations. That's when you need it most.

Everyone knows you need creative thinking, or entrepreneurial thinking, or innovative thinking, or strategic thinking to succeed in the modern world. All these kinds of thinking happen through flashes of insight-strategic intuition. And now that we know how it works, you can learn to do it better. That's what this book is about.

Over the past ten years, William Duggan has conducted pioneering research on strategic intuition and for the past three years has taught a popular course at Columbia Business School on the subject. He now gives us this eye-opening book that shows how strategic intuition lies at the heart of great achievements throughout human history: the scientific and computer revolutions, women's suffrage, the civil rights movement, modern art, microfinance in poor countries, and more. Considering the achievements of people and organizations, from Bill Gates to Google, Copernicus to Martin Luther King, Picasso to Patton, you'll never think the same way about strategy again.

Three kinds of strategic ideas apply to human achievement:

* Strategic analysis, where you study the situation you face * Strategic intuition, where you get a creative idea for what to do * Strategic planning, where you work out the details of how to do it.

There is no shortage of books about strategic analysis and strategic planning. This new book by William Duggan is the first full treatment of strategic intuition. It's the missing piece of the strategy puzzle that makes essential reading for anyone interested in achieving more in any field of human endeavor.

Against the Gods: The Remarkable Story of Risk

Peter L. Bernstein

Against the Gods: The Remarkable Story of Risk Peter L. Bernstein Amazon Price: $29.70
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Customer Reviews:
Total reviews: 155 Average rating: 4.0 of 5

Today's hero is often tomorrow's blockhead. 4 out of 5 stars.
2 of 2 people found this review helpful.

There are two things that I really liked about this book, and one thing that I didn't. The good things:

1) The author's vast knowledge of the financial markets, from most of a century of experience.
2) His extensive and entertaining history of risk analysis.

The bad thing:

His attempts to explain math concepts that he apparently doesn't understand very well.

His history of risk analysis was a pleasure to read -- from Fibonacci and Cardano, to Markowitz and Sharpe. My favorite, was his coverage of Francis Galton, the man who measured everything.

Above all, the greatest value in this book is that it's packed with the author's knowledge of finance, from 63 years of experience. He's 89 years old now, and appears to still be going strong.

This book is well worth reading.

My favorite quote from the book:
Today's hero is often tomorrow's blockhead.(pg 297)

Editorial Review:

With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.

Calling the Circle: The First and Future Culture

Christina Baldwin

Calling the Circle: The First and Future Culture Christina Baldwin Amazon Price: $11.56
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Total reviews: 10 Average rating: 5.0 of 5

Editorial Review:

The original small-press edition of Calling the Circle has become one of the key resources for the rapidly-growing "circle" movement. This newly revised edition brings Christina Baldwin's groundbreaking work to an even broader audience ranging from women's spirituality groups to corporate development teams.

50,000 years ago, women and men gathered around campfires to decide the key issues in their lives. Today, groups everywhere are discovering a new form of this ancient ritual for communication, mutual support, teamwork, and social change. Now, in a book as consciousness-changing as Riane Eisler's The Chalice and the Blade or Peter Senge's The Fifth Discipline, Christina Baldwin offers this powerful new tool to everyone who longs for a community based on honesty, equality, and spiritual integrity.

In this simple, profound practice, participants sit in a circle, pass a talking piece from person to person, and speak and listen from the heart. Christina Baldwin gives detailed instructions and suggestions for getting started, setting goals, and solving disagreements safely and respectfully. She also offers inspiring examples of circles in action: a women's spirituality group, a father and son in crisis, a PTA group that averts a school strike and a work project team that accesses a new level of creativity and caring.

Deadly Decisions: How False Knowledge Sank the Titanic, Blew Up the Shuttle, and Led America into War

Christopher Burns

Deadly Decisions: How False Knowledge Sank the Titanic, Blew Up the Shuttle, and Led America into War Christopher Burns Amazon Price: $17.81
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Total reviews: 2 Average rating: 4.0 of 5

Editorial Review:

A month before its catastrophic failure, Wall Street analysts rated Enron a 'buy'. In 2001, at the CIA, FBI, and Department of Defense, a squabbling bureaucracy buried warnings of a looming terrorist attack. And Congress and the country were talked into war against a collapsing dictatorship on the basis of detailed and compelling intelligence, which turned out to be false. How could all of the experts be so wrong? In "Deadly Decisions", Christopher Burns, one of America's leading experts on modern information management, searches the biology of the brain, the behaviour of groups, and the structure of organisations for practical answers to the problem of 'virtual truth' - elaborate constructs of internally consistent evidence and assumptions that purport to describe reality, but can often be dead wrong!How can we avoid wishful thinking, information overload, uncertainty absorption, and an unintentional twisting of the facts? Why are start-up groups agile and innovative while large organisations lumber along, bogged down in false knowledge? How can societies rediscover the power of truthful communication?Burns suggests that, as individuals, we must learn to be sceptical of our own sly and beguiling minds. As members of a group, we need to be more wary of the omissions, inventions, and distortions that come all too naturally to all of us. And as consumers of information we have to hold professionals, politicians, and the media more accountable. As the book makes clear, only through a deeper understanding of how individuals, groups, and society process information can we succeed in those extraordinary endeavours that are the promise of the Information Age.

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