The Right Decision: A Mathematician Reveals How the Secrets of Decision Theory

The Right Decision A Mathematician Reveals How the Secrets of Decision Theory CAN YOU EVER BE SURE YOU RE MAKING THE RIGHT DECISION Should you stay in a comfy job with little chance of advancement or take a riskier one in which you could make lots of money but also wind up on t

  • Title: The Right Decision: A Mathematician Reveals How the Secrets of Decision Theory
  • Author: James D. Stein
  • ISBN: 9780071614191
  • Page: 436
  • Format: Hardcover
    • Unlimited [Humor and Comedy Book] ↠ The Right Decision: A Mathematician Reveals How the Secrets of Decision Theory - by James D. Stein ï
      436 James D. Stein
    • thumbnail Title: Unlimited [Humor and Comedy Book] ↠ The Right Decision: A Mathematician Reveals How the Secrets of Decision Theory - by James D. Stein ï
      Posted by:James D. Stein
      Published :2019-08-04T02:30:20+00:00

    CAN YOU EVER BE SURE YOU RE MAKING THE RIGHT DECISION Should you stay in a comfy job with little chance of advancement or take a riskier one in which you could make lots of money but also wind up on the street Should you listen to a doctor who advises surgery or trust another who tells you to wait and see if your condition improves Should you remain in a cozy relationshipCAN YOU EVER BE SURE YOU RE MAKING THE RIGHT DECISION Should you stay in a comfy job with little chance of advancement or take a riskier one in which you could make lots of money but also wind up on the street Should you listen to a doctor who advises surgery or trust another who tells you to wait and see if your condition improves Should you remain in a cozy relationship without much spark or cut your losses and search for your soul mate Is there ever a right decision Professor James Stein would argue yes, and in this provocative new book, he shows you how to apply the mathematical principles of Decision Theory to every aspect of your life Ingeniously blending statistics, probability, game theory, economics, and even philosophy, this dynamic new approach to decision making can help you choose a new career path, buy a better home, even pick the perfect mate With The Right Decision, you can t go wrongCLUDES ENTERTAINING INTERACTIVE QUIZZES TO HELP YOU MAKE THE RIGHT DECISION EVERY TIME

    Comment 109

    • Dorotea says:

      The quizzes are fun, the principles solid. Overall a nice read.

    • Nura Yusof says:

      I love this book! But solutions to some of the questions didn't sit well with me.In "Hacking It", I felt the 2nd possible solution was the better bet compared to the 3rd because if you stayed at a well-paying job for a little while, you'd be able to have enough financially to start off as an independent contractor. Even if you had a lot of contacts, it won't matter much if you can't even stay afloat for a few months while waiting for payment from your clients.Sometimes, I think the author is pur [...]

    • Gamma says:

      A quick tour of the theory around making good decisions.What are you trying to accomplish? What do you value?What are the alternative choices? Do we have too many choices? Three or less. Are they all available for us to choose?For each of the choices, what do we expect to get out of them, that is, what is the payoff of this choice?Can we exclude any choices as being strictly worse than the other ones? Will we be making this sort of choice more than once? What is our expected value?Will we be mak [...]

    • Betsy says:

      What I learned from this book. I am one of those people that likes to make decisions. The reader is given a chance to make actual decisions that were made in history. Some by Nixon, Kennedy, and Lincoln. You see how you would have done in these situations. This is not one of those measuring sticks that tells you there is no wrong decision. There is always a best decision. James Stein explains elements of decisions. Many times math is involved other times a decision making approach is used.If you [...]

    • Zhang Richard says:

      I like this book very much, it gives us a very practical tool to navigate the complex world and make the judicious choice amidst a bunch of options by drawing examples from history, business, family, politics and health. It is a must read for anyone who tends to hesitate in reaching a decision and sometimes loses the window of gaining the advantage to win over a competitor or misses the wrong person in seeking help. I love it anyway even though it may not be an easy reading and sometimes may pre [...]

    • Elizabeth says:

      Interesting reading, kind of like a Choose Your Own Adventure for decision making. There are dozens of quizzes (all in the second person) to test and strengthen your skills, with both historical and hypothetical examples. I got most of them wrong. I did notice notice that of these scenarios, only two or three of them specifically addressed a woman, and these dilemmas were about marriage. At the risk of sounding nitpicky, I found this approach both outdated and sort of irritating. Did Stein's edi [...]

    • Michelle says:

      Using political, business and financial markets, Stein guides readers along how famous and infamous decisions affected history. His description of different decision-making strategies was very useful in understanding how leaders decide.I don't know how applicable the quizzes are to developing decision-theory skills (could be because I rarely guessed his "right" answer!) but this book certainly nudges you towards thinking differently about your thinking!

    • Chris says:

      Initially, this book seemed unique, a sort of "Name Your Own Adventure" for adults. But the further I got, the more I realized how poorly the examples had been thought out. I even found the ones I agreed with to be poorly rationalized.

    • Stefano says:

      interessante ma nessuna sorpresa: non dice nulla di più di quanto possa essere già capito, utilizzando semplicemente il buon senso.

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