Showing posts with label Decision-making. Show all posts
Showing posts with label Decision-making. Show all posts

Sunday, 24 March 2019

Farsighted

Finished March 1
Farsighted: How We Make the Decisions That Matter the Most by Steven Johnson

I really enjoyed the insights from this book and posted a couple of excerpts to friends as I was reading. He gave great examples of decision making, both personal and societal. His first societal example is the decision to bury Collect Pond, a source of fresh water, in New York City in the early nineteenth century. There was another option put forward, but the short-sightedness about the city's growth ultimately resulted in the bad decision. Johnson talks about how, although we often see ourselves today as looking at the short-term, we actually are able to make better long-term decisions today than we were then.
Johnson's first personal example of long-term decision making is also from the nineteenth century, and consists of a list found in Darwin's notebooks, on two facing pages in two columns, with one column listing reasons to marry and the other reasons not to. We know that he did marry six months later, so we know the decision he reached, which his also wrote at the bottom of the second page.
This idea of listing pros and cons is a much-used tool in making decisions. I've certainly used in in my own life at several instances. What Darwin's example doesn't show is the weight he gave each point in the list, the argument for which Benjamin Franklin gave in a eighteenth-century letter to Joseph Priestley about a decision he was making at the time. Franklin called this Moral or Prudential Algebra.
We have more tools available to us now, and we usually term these types of decisions deliberative decision making. The systems we use today are engineered to keep us from falling into preconceived assumptions.
A societal decision that is more present day that Johnson comes back to repeatedly through the book is the decision by the U.S. Government to go into the compound in Pakistan where they suspected Osama bin Laden was hiding. Johnson gradually shows all the different elements of information and decision making tools that were used in this case, how they were calculated and guarded against failure, and looked beyond the attack itself into outcomes and how they would manage different scenarios of those.
As he shows, these complex decisions have been shown to have several qualities: they involve multiple variables; they require full-spectrum analysis; they force us to predict the future; they involve varied levels of uncertainty; they often involve conflicting objectives; they harbor undiscovered options; they are prone to System 1 failings; and they are vulnerable to failures of collective intelligence.
This last point is important to understand. By definition, groups bring a wider set of perspectives and knowledge to the decision making process. But they are also vulnerable to their own set of failings: collective biases and distortions due to social dynamics. There are a number of tools designed to overcome such vulnerabilities.
Techniques such as making a full-spectrum map of all the variables and potential paths available; predictions about where those paths might lead, and weighing the various possible outcomes against the objectives. Johnson devotes a chapter to each of these three elements of decision making.
He then has two chapters: one on large social decisions, such as battling climate change, and one on personal decision making, such as those facing the characters in George Eliot's Middlemarch.
Literature, and real life both are used in many examples in the book, and this use of examples really worked for me in understanding the decision making process better.
I highly recommend this book.

Sunday, 9 May 2010

Short Collection

Finished May 8
On the Art of Making Up One's Mind by Jerome K. Jerome
This short collection is part of a new series of books "on ..." These essays were originally published in 1898 as The Second Thoughts of an Idle Fellow. The author had already made a name for himself as a literary figure of the time. The meditations here are both subtly humourous and insightful.
Joseph Connolly has written a very good foreword giving us the background of the author, and the environment in which this was written.
The collection includes 5 writings: On the Art of Making Up One's Mind; On the Disadvantage of Not Getting What One Wants; On the Exceptional Merit Attaching to the Things We Meant to Do; On the Time Wasted in Looking Before One Leaps; and One the Inadvisability of Following Advice.
I kept this in my purse, reading it while waiting for various things. It always put a smile on my face.

Tuesday, 14 October 2008

About History

Finished October 14
The Uses and Abuses of History by Margaret MacMillan
This book is basedon the 2007 Joanna Goodman Lecture Series at the University of Western Ontario. MacMillan is a Canadian historian, who previously taught at the University of Toronto, and is now warden of St. Anthony's College at Oxford University.
This book talks about the various ways history is used: for cultural identity, for nationalism, to push a particular agenda, to predict what will happen in a future situation. She looks at how history can be a trap that we fall into when assessing a current situation. She looks at how some individuals and groups have manipulated history, telling false or one-sided stories and how others have suppressed history in order to increase their power or authority. Even leaders of nations have fallen into these traps.
While it is useful to gain knowledge from past events, no situation is exactly the same as another and it can be dangerous to assume the same actions will produce the same results in a present situation.
MacMillan also talks about how some historians have been writing their works in language that is too esoteric and specialized to be disseminated widely, and how that can cause truth about history to be ignored and knowledge to go astray. The book is thought-provoking and the author's examples cover many recent events, making it topical too.
This should be required reading in every high school world history class.