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
    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
    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
  • 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

Image
Business Analytics – Close to Your Heart
A story about the power of rules to improve analytic decisions
The Role of Decision Requirements in the Analytical Life Cycle
Leverage These Data-Driven Metrics to Choose the Best Hosting Provider
Rules for Assuring Poor Performance

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 driven big data company
How AI-Driven Workflows Are Changing the Way Companies Think About Data Risk
Artificial Intelligence Data Management Exclusive Risk Management
ai product development
Why Businesses Outsource AI Product Development Companies
Exclusive News
banking tools
The Fintech and Banking Tools Global Entrepreneurs Rely On
Fintech Infographic
business using business intelligence
How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
Analytics Big Data Exclusive Marketing

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Top 3 Ways FP&A Analytics Can Get Your Financial House in Order

4 Min Read
AI for anti-counterfeiting
Artificial IntelligenceExclusive

AI Is Crucial for Improving Anti-Counterfeiting Systems

5 Min Read

Tesco is aiming to reduce its fuel consumption for home…

1 Min Read

Profiles in Email Laws: Austria’s EU Opt-In Regime

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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

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?