Show pageBacklinksCite current pageExport to PDFBack to top This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong. ====== Informed decision ====== An informed [[decision]] is a choice or action made after careful [[consideration]] of relevant [[information]], [[fact]]s, data, and possibly [[expert opinion]]s. Informed decisions are typically characterized by the following key elements: [[Information]] Gathering: The decision-maker actively collects and compiles relevant information related to the decision at hand. This information may come from various [[source]]s, including [[research]], [[data analysis]], personal [[experience]], expert [[advice]], or [[consultation]] with others. [[Evaluation]] of [[Option]]s: Once the [[information]] is gathered, the decision-maker evaluates different options or [[alternative]]s. This involves assessing the pros and cons, risks and benefits, and potential consequences associated with each option. Consideration of Consequences: Informed decisions take into account the potential short-term and long-term consequences of each available option. This includes understanding how the decision may impact oneself, others, and the broader context. Risk Assessment: The decision-maker assesses the risks and uncertainties associated with each option. This involves estimating the likelihood of different outcomes and the severity of potential negative consequences. Values and Preferences: Personal values, ethics, and preferences play a role in informed decision-making. The decision-maker considers their own values and those of any relevant stakeholders in order to align the decision with their principles and priorities. Expertise and Advice: In some cases, informed decisions may involve seeking advice or guidance from experts, professionals, or individuals with relevant experience. Expert input can provide valuable insights and perspectives. Trade-offs: Informed decisions often require making trade-offs between conflicting priorities or goals. The decision-maker must weigh these trade-offs to determine the best course of action. Documentation: Keeping a record of the decision-making process, including the information gathered, the options considered, and the rationale behind the chosen option, can be important for accountability and future reference. Continuous Learning: Informed decision-makers are open to learning from the outcomes of their decisions. This includes adapting their decision-making process based on feedback and new information. Informed decisions are important in both personal and professional contexts. They help individuals and organizations make choices that are well-reasoned, ethical, and aligned with their goals and values. In many cases, informed decisions are associated with better outcomes and reduced risk compared to decisions made without careful consideration of the relevant factors. ---- A [[Machine Learning]] [[Decision]] [[Support]] [[System]] (ML-DSS) is a [[computer]]-based [[application]] or [[software]] that leverages [[machine learning algorithm]]s and [[technique]]s to assist [[user]]s in making informed [[decision]]s informed_decision.txt Last modified: 2024/06/07 02:53by 127.0.0.1