Some people prefer to make decisions fast, without fully understanding what they decide about and whether they have the right reasons for that decision. Being perceived as decisive, being in the driver's seat, is important in their circles. At times more important than good decisions.

Often, these people are called executives.

And there's a whole industry that leverages this to make mo' money.

@bbak Very often the cost of making a late/no decision is more expensive than making a bad/not optimal decision. Especially when measuring the outcome of the decision is only possible much later.

@mflx True. But how do you tell one from the other? Which is more expensive in the long run?

Especially when dealing path-dependent systems, because there's no 'undo' button.

@bbak That‘s the thing: you don‘t! There‘s interesting material and research on probabilistic thinking in decision making.
If interested I can recommend Annie Duke (e.g. Thinking in bets).
@bbak Didn‘t want to imply that first guess decisions are a great thing. Nevertheless with limited information it is better to decide fast and risk to be slightly off or wrong sometimes.

@mflx Agree to n that, if the decision is just about some hypothesis for a product, a quick learning opportunity and similar.

But if one decides to do a huge intervention in a social system, say, a reorg, one should better know why and have thought it through.