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Decisions, Results, and Consequences: Learning

In: Decision-Making in an Organizational Context

Author

Listed:
  • Josep Maria Rosanas

    (Organizations and Humanities IESE Business School)

Abstract

We now go back to what we said in the introduction regarding the distinction between “right” decisions and “successful” decisions.We established that when you try to make a decision such as the ones we have analyzed, it is essentially because you want to achieve a certain result, such as solve a problem or seize an opportunity. In the simplest cases (decisions with a single, uncertain variable) this is obvious: people do not buy lottery tickets for the pleasure of playing the lottery, but because they hope to win a prize. The “right” decision, therefore, would seem to be the one that leads to the desired outcome. As we shall see, however, this cannot be right.

Suggested Citation

  • Josep Maria Rosanas, 2013. "Decisions, Results, and Consequences: Learning," Palgrave Macmillan Books, in: Decision-Making in an Organizational Context, chapter 3, pages 43-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32415-3_4
    DOI: 10.1057/9781137324153_4
    as

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