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
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    6 Min Read
    How Data Analytics Is Reshaping Patient Financing Decisions
    How Data Analytics Is Reshaping Patient Financing Decisions
    13 Min Read
    business using business intelligence
    How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
    9 Min Read
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 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

Secrets and Lies: What’s Your Sales Team Keeping from You? [SLIDESHARE]
Coffee with “Tiberius”
New Challenges for creating predictive analytic models
“My question during today’s Q&A session was…
When Data Flows Faster Than It Can Be Processed

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

New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
Analytics Big Data Exclusive
data driven businesses
How Data-Driven Businesses Choose Storage That Reduces Risk and Drag
Big Data Exclusive
Operational Data Becomes Business Value in the Age of AIoT
Operational Data Becomes Business Value in the Age of AIoT
Big Data Exclusive Internet of Things
growth guide
Growing Smarter: The Role Of Strategic Partnerships From Startup To Scale
Infographic News

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Can Business Intelligence Help You Manage Your Workforce Better

6 Min Read

IBM Biz Analytics (ibmbizanalytics) on Twitter

1 Min Read

Man vs. Machine Contests: Forget “Level” Playing Fields

5 Min Read

In Analytics, It’s the Actions that Matter

5 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
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

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?