Review of the week

In the first week of this short course, we looked at some of the daily decisions we make throughout our working and personal lives, and explored the factors we need to take into account when making decisions.

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Reflecting on how you reach the decisions that you make, you have, in the process, explored what you understand risk and uncertainty to mean.

We also looked at data, which is key to the information that informs your decision-making, and explored the opportunities and challenges that the recent increase of data collection poses.

We hope that the material and activities from this week will make you more reflective about the decisions that you make. This should help you to gauge how the theoretical ideas and formal frameworks that support decision-making could enable you to make better decisions at work and, more generally, in your everyday life.

Next week, we will move on to look at risk management, as well as beginning to explore theories of decision-making. In particular, we will look at the work of Daniel Kahneman, who is one of the seminal theorists in this area.

Your task

Before you go on to the second week of this course, briefly reflect on your learning experience during this first week.

  • What have you learned and how will this create value for you moving forward?

  • How have you found certain activities? Would you approach them differently next time?

Reflection and feedback are an important part of learning and will stay with you throughout your career. Getting into this habit now will stand you in good stead moving forward.

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This article is from the free online course:

Decision-making and Risk: An Introduction

Coventry University