In finance you are faced with making decisions all the time. Indeed many careers in finance are solely for the purpose of supporting decision making (i.e. analysts, researchers, economists). What's more, the most successful people in finance are pretty much those who've made the best decisions e.g. what company to buy, how to buy it, what stock to buy, what position to take, what recommendation to make, what move to make, etc. So naturally it is critical to think about how you make decisions and of course, how you might be able to make better decisions. This BBC Horizon documentary provides fascinating insights as to how we make decisions, and some simple techniques to improve decision making using simple math to help frame decision making.
We are bad at making decisions. According to science, our decisions are based on oversimplification, laziness and prejudice. And that's assuming that we haven't already been hijacked by our surroundings or led astray by our subconscious!
Featuring exclusive footage of experiments that show how our choices can be confounded by temperature, warped by post-rationalisation and even manipulated by the future, Horizon presents a guide to better decision making, and introduces you to Mathematician Garth Sundem, who is convinced that conclusions can best be reached using simple maths and a pencil!
hmm, handy documentary! Thanks.
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