Decision Guide-Decision-Making Assistance

Example

When contemplating a major purchase, such as a house or car, Decision Guide helps by breaking down the decision into manageable parts, including financial implications, long-term value, and personal satisfaction.

Scenario

A user is deciding between buying a new car and a used one. Decision Guide would suggest comparing the long-term costs, including maintenance, insurance, and depreciation, and also consider the emotional satisfaction of each option.

Example

In situations where multiple potential outcomes need to be considered, such as investing in stocks, bonds, or saving accounts, Decision Guide employs methods like Expected Value and Scenario Analysis to aid in understanding probable future scenarios.

Scenario

A user looking to invest savings would be guided through assessing the risk and return of each option, including potential future economic conditions that could affect their investment.

Example

Decision Guide emphasizes the importance of mitigating cognitive biases such as overconfidence or confirmation bias, by encouraging users to seek out diverse information and perspectives before making a decision.

Scenario

For someone deciding whether to start a new business venture, Decision Guide would recommend conducting a thorough market analysis, seeking advice from experienced entrepreneurs, and critically evaluating one's own assumptions.