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. 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 Smart Choices certification will be valid for five years from the date a person completes the program. The LGA is also offering a five-year grace period to anyone who has already completed Serving It Safe or the former It’s Good Business training program through MTEC. The course includes short articles for you to read and videos to watch, plus activities and quizzes with tips to help you better understand the study and career opportunities. There is also the chance for you to learn from and support other learners through online discussions.

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Life insurance offers great commissions. Since I am a start from scratch agency it’s going to take a couple of years to build the residuals in the P&C market. Life allows me to make huge gains in revenue to offset that. It has also open doors for my P&C by getting me in front of customers that I might not have if they hadn’t requested a quote. Specify your objectives.… A decision is a means to an end. Ask yourself what you most want to accomplish and which of your interests, values, concerns, fears, and aspirations are most relevant to achieving your goal. … Decisions with multiple objectives cannot be resolved by focusing on any one objective. 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.

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I thought the model was sound and there were some good examples of application. However, there were instances where it got overly repetitive and some of the theories could have been better outlined and simpler to understand. I had to read the chapter on trade-offs twice before it sunk in. 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. Giving yourself time to think of other alternatives will often reveal new and better alternatives,” Keeney said. “The more alternatives that you identify, the more likely your choice leads to a consequence that achieves your objectives.”

How to Make Smarter Decisions | Duke Today

The LGCA respects the Nations who were the first to protect and care for the land and water, and we recognize that we all benefit from that today. We respect the Treaties that were made on these territories, affirm our commitment to reconciliation, and hold the spirit of the Treaties in the forefront of our regulatory work. Express Markets offerings have allowed us to create a niche, making it possible for us to place business for our clients others won’t or can’t. Pr-Problem, O-Objective, A-Alternatives, C-Consequences, T-TradeOffs and think off Uncertainties, and Risk Tolerance.

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As a scratch agency, we had very little premium to show to carriers. Smart Choice allowed us the opportunity to get appointed with carriers that we wouldn’t have been able to get otherwise.

Smart Choices Certification - Liquor, Gaming and Cannabis Smart Choices Certification - Liquor, Gaming and Cannabis

Smart Choices is CAPS-aligned and meets the Life Orientation requirements of the National Department of Basic Education (DBE), providing a well-researched and expertly developed option for schools. For example, Keeney offered a decision around a new position. Your thought process may begin with whether to accept a new job – a yes or no. A useful decision statement would be “decide what type of job would be better for my career” or “decide what job would provide the most enjoyment and offer opportunities to expand my skills.” Red—occasional—the availability of these foods and drinks should be limited to no more than two occasions per term. 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.

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Keeney, who studies how people make decisions, spoke about how to make smarter personal and professional choices by defining a decision clearly, identifying what you want to achieve and creating better alternatives by taking time to consider options. Smart Choice is always adding new carriers and providing incentives to qualify for additional compensation which allows our agency to perform at the highest level. With thousands of employers and almost no parameters, Turrentine takes her time figuring out what companies to invite for events. She notes necessities – equitable hiring practices, undergraduate degree requirements and right fits for Duke majors – and talks over her thought process with colleagues before final decisions. The book essentially breaks down rational choice/decision theory into key components: the problem, objectives, choice alternatives, consequences. It adds uncertainty, risk attitudes and future interactions with other choices only at the end, even though for approximately all key life choices these aspects are significant and unavoidable.

Smart Choices: A Practical Guide to Making Better Decisions Smart Choices: A Practical Guide to Making Better Decisions

We were pleased to work with the LGA to ensure that the transition to Smart Choices will be as seamless as possible for the hospitality industry.” Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities As educators and parents, we strive to provide our learners with the best education possible. We want their school environment to align with the values we instil in them at home. Smart Choices for a Smart Life is a values-based sexuality education programme designed to equip children with essential knowledge and skills.We are consistently presented with markets as they become available rather than having to seek them out on our own. It is nice to have options for our risks, and to know a Smart Choice carrier partner can be trusted.