Narrows the spectrum to the mean-median

Reference no: EM13762249

Trend forecasters, sometimes called "futurists," use three "P's": Possible, Probable, and Plausible. "Possible" includes the "outliers" on the classic bell curve. "Probable" narrows the spectrum to the mean, median, and mode at the top of the bell curve. "Plausible" narrows the probable to those activities or options that humans will actually select for action. The three "P's" illuminate how we make decisions.

How, in fact, do people make decisions? Do they use data-driven decision making? Or do they use political decision making? Or do they make decisions based on personalities and/or emotions and biases? State your position and provide at least two examples of how you think people make decisions. Be sure to make a good argument for your position. The answer should be no longer than 2 paragraphs.

Reference no: EM13762249

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