Aggregated enterprise architecture wisdom
kimparker1954 A decision is a choice or course of action that is made after considering a range of options. Decisions can be made at an individual or group level, and they can be large or small, simple or complex. The decision-making … Continue reading
Availability heuristic is a cognitive bias that refers to the tendency for people to estimate the likelihood of an event based on how easily examples of it come to mind. This bias can lead people to overestimate the probability of … Continue reading
Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion. These biases are often a result of the brain’s attempt to simplify information … Continue reading
There are many biases and heuristics that can affect our decision-making processes. Some common examples include: These biases and heuristics can lead us to make irrational or suboptimal decisions, as we are not always able to accurately assess all of … Continue reading
Decision making is a fundamental aspect of human psychology and can be studied from multiple different perspectives. One way to think about decision making is in terms of the choices that people make and the factors that influence those choices. … Continue reading
Decisions have been made by me or for me (directly or indirectly) my entire life. These decisions have ranged from being simple and often trivial to being extremely complex and sometimes life changing. Decisions have been made in my personal … Continue reading
Expressing real life situations as mathematical models drive decisions on how to respond appropriately. Assumptions are not facts but do have a probability of occurring. Confidence in a model is an important factor of both the likelihood of the assumptions being correct and the quality and quantity of the data … Continue reading
Mathematical models provide a description of a system using mathematical concepts and language. Models explain how a system operates and predicts its behaviour with changing parameters and assumptions .
Mathematical models answer questions. In …