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Decision Making

Flipping A Coin

 , October 19, 2015
Flipping a coin is a decision making technique that finalizes a choice by flipping a coin. It is typically used to decide between two choices but can also be applied to a binary decision tree to choose between any number of options.
Overview: Flipping A Coin
FunctionDecision Making
ValueFlipping a coin is a lightweight process that quickly arrives at a decision. In other words, it minimizes the cost of the decision making process itself.
UseFlipping a coin is used to make a decision when a more complex decision making process is unlikely to improve decision quality. This occurs when choices are too close to call or when limited data is available. It can also be used to resolve disputes as a lightweight but random form of arbitration.

Decision Making

This is the complete list of articles we have written about decision making.
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Abilene Paradox
Abstract Concept
Analysis Paralysis
Analytic Reasoning
Benefit Of Doubt
Boil The Frog
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Critical Thinking
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