Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
    financial analytics
    Financial Analytics Shows The Hidden Cost Of Not Switching Systems
    4 Min Read
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: When to Just Flip a Coin
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Decision Management > When to Just Flip a Coin
Business IntelligenceDecision Management

When to Just Flip a Coin

Trevor Lohrbeer
Trevor Lohrbeer
2 Min Read
SHARE

Sometimes the best way to make a decision is to flip a coin.

Not all decisions need to be made through elaborate decision processes. Sometimes you need to rely on your gut or hand it over to fate.

Flip a coin when:

Sometimes the best way to make a decision is to flip a coin.

More Read

leverage existing data
Leveraging Existing Data To Penetrate Saturated Markets
ReBlog: On Why I Don’t Like Auto-Scaling in the Cloud
AI Leads to Major Breakthroughs in Legal Software
How does Data Science impact Business Intelligence?
10 Reasons Why Now Is the Time to Get into Big Data

Not all decisions need to be made through elaborate decision processes. Sometimes you need to rely on your gut or hand it over to fate.

Flip a coin when:

  • Random or chaotic influences have too much say over the outcome. For instance, choosing lottery numbers or predicting where the roulette ball will land.
  • All options have equal benefits, costs and risks. When all options are equal, any option will do.
  • You’ll rationalize your choice in the end anyway, such as when the success criteria are fuzzy and the decision relies heavily on personal preferences. For instance, picking art for your apartment.

In these decisions, the decision process has little effect on the outcome. So don’t waste time trying to make the best decision. Aim for making a fast decision instead. Roll a dice, flip a coin, or listen to your heart. But just decide.

What decisions have you left over to fate?

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai for stock trading
Can Data Analytics Help Investors Outperform Warren Buffett
Analytics Exclusive
data security issues with annotation outsourcing
Data Annotation Outsourcing and Risk Mitigation Strategies
Big Data Exclusive Security
NO-CODE
Breaking down SPARC Emulation Technology: Zero Code Re-write
Exclusive News Software
online business using analytics
Why Some Businesses Seem to Win Online Without Ever Feeling Like They Are Trying
Exclusive News

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Communication, Social Networks, and Railroads

4 Min Read
Image
AnalyticsBusiness IntelligenceCollaborative DataSocial Data

Five Data Preparation and Analytics Predictions for 2017

6 Min Read

Are Data Scientists Overpaid?

4 Min Read

Market Research in 3-D! – For Market Research, Social Networks Is to 2009 as what the Online Survey was in 1998

3 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?