am 9. April 2009
The ability to make smart choices is a fundamental life skill and this is a no-nonsense and practical book written by three academics. If you're looking for a guide to making better decisions, whether in private life or business, look no further. The set-up of the book is brilliant. It starts qualitatively with stating the problem, objectives, consequences, alternatives etc. and leads to more quantitative tools incl. my favoured decision tree within uncertainty and risk tolerance. The final chapter says it all what this fine book is about; The Wise Decision Maker.