Friday, July 11, 2014

SPEAK TO THE PROBLEMS 2.5: Rules of Thumb



(SHORT NOTES FROM PROBLEM SOLVING SKILLS:
General Problem-Solving Tools at http://www.mindtools.com)
 
Most of us use "rules of thumb" in all sorts of areas of our daily lives.  These rules are based on experience, and are invaluable because they help us to make decisions without further detailed fact-finding.  No one expects these rules to be 100% accurate.

The rules of thumb are only used in situations where the risks associated with using a "good enough" approximation are acceptable.  The formal term for these rules of thumb is "heuristics".  Heuristic is a mental shortcut that allows people to solve problems and make judgments quickly and efficiently.  These rule-of-thumb strategies shorten decision-making time and allow people to function without constantly stopping to think about their next course of action.  While heuristics are helpful in many situations, they can also lead to biases.

Heuristics play important roles in both problem-solving and decision-making.   While heuristics can speed up problem and decision-making process, they can also introduce errors.  Just because something has worked in the past does not mean that it will work again, and relying on an existing heuristic can make it difficult to see alternative solutions or come up with new ideas.

No comments:

Post a Comment