Reasoning in Decision Making

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.     Log in

In a business decision making process, an aspect of ’Reasoning’ is involved. Reasoning is the process of using existing knowledge to draw conclusions, make predictions, or construct explanations. There are 3 main types:

1. Deductive Reasoning: Conclusion guaranteed: This process starts with the assertion of a general rule and proceeds from there to a guaranteed specific conclusion.
2. Inductive Reasoning: This process begins with observations that are specific and limited in scope, and proceed to a generalized conclusion that is likely, but not certain, in the light of accumulated evidence.
3. : Taking your best shot: It typically begins with an incomplete set of observations and proceeds to the likelihood possible explanation for the set. It can be creative, intuitive, and even revolutionary.

(...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free. Sign up for free     Log in

		More Forms of Reasoning in Decision Making Jaap de Jonge, Editor, Netherlands
	(...)

		Reasoning Processes in Decision Making K.Narayana Moorthy, HR Consultant, India, Member
	(...)