Decision making: a place where rationality and identity should meet

Throughout our lives we are educated to make rational decisions. What are the costs, what are the benefits, what are the impacts, what is possible? These are relatively easy elements to learn. Unfortunately our experience tells us that things don’t always work out as planned.

Later in life we understand that we need to make value-based decisions. Not on economic value, but using another criteria. Many decisions are not based on rationality but on our identity (Heath and Heath, 2011). It would seem that there is a dynamic tension between the rational/economic side and the identity side of decision making.

For example, people make identity-based decisions on politics , but can also make economic decisions contrary to their ethical principles. Furthermore, people say they will do one thing, but can decide something entirely different when it comes to the crunch (Azjen, 1991).

This is why it is important to keep your rational/emotional/guts radar switched on when making decisions; to be transparent in decision-making. This will convey credibility and maintain our own integrity.

Reading:

Ajzen, I. (1991) “The theory of planned behavior,” Organizational
Behavior and Human Decision Processes, 50 (2): 179–211.

Heath C. and Heath D. (2011) Switch: how to change things when change is hard. Random House, NY

 

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