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A decision balance sheet represents the pros and cons of a decision in a two column table. The approach was famously used by Benjamin Franklin in the 1770s. He would assign rankings of importance to both pros and cons. He would then look for items of similar importance on opposite sides of the sheet and cancel them out to simplify his decisions.
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Function | | Value | A simple way to estimate the impact of your decisions. | Similar Techniques | |
Decision Making
This is the complete list of articles we have written about decision making.
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A list of decision making techniques.
The observation that groups may make collective decisions that are viewed as wrong or irrational by each individual member of the group.
A complete guide to the decision making process.
The difference between rational thought and logic.
The common types of uncertainty in decision making and strategy.
A definition of information costs with examples.
A definition of reverse brainstorming with examples.
The definition of decision fatigue with examples.
Taking a position that you do not necessarily agree with for the purposes of argument.
The definition of paradox of choice with examples.
An overview of problem solving with examples.
A list of thinking approaches and types.
A definition of workaround with examples.
A list of common creative thinking techniques.
A list of common types of problems.
The definition of analysis paralysis with examples.
The definition of the arrow of time with examples.
An overview of common business problems.
The definition of decision framing with examples.
The common types of research.
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