How to master decision making in a world of uncertainty

With the world around us changing rapidly, uncertainty is inescapable. We feel it in both our personal and professional lives. And while previous generations have experienced periods of profound uncertainty, the scale, pace and complexity of the changes in today’s world mark a radical ‘step change’ in our comfort when it comes to making decisions.  

That’s according to “Seizing Uncertainty,” a new study by HSBC and Professor David Tuckett, Academic Advisor and Director of the Centre for the Study of Decision-Making Uncertainty at UCL.  By building upon a framework of Conviction Narrative Theory, HSBC and Professor Tuckett have developed a study that looks to deepen our understanding of the decision making process. The aim is to establish a means by which we can make better decisions in the face of uncertainty.

Drawing on the experiences of more than 17,000 people around the world, the study proposes a model that breaks down the anatomy of a good decision-making process. It argues that in addition to a strong methodology for decision-making, we must also establish an appropriate mindset. Consciousness of our mental state and understanding how it might influence …

Read the full story at The Verge.