Got a Tough Decision? Fuggedaboutit!

I’ve got a wickedly complex decision to make. What should my priorities be now that I no longer have a full-time banking job? I’ve got at least a dozen different alternatives, each with subtle-to-obvious differences with respect to my key values including impact on my family, benefit to society, intellectual challenge, financial security and leverage of … Continue reading Got a Tough Decision? Fuggedaboutit!

Why We Chose a College With Massively Negative Return on Investment

My family recently faced a bit of drama when my daughter was accepted to both a great state school and a wonderful, but much more expensive, private school . Naturally, my daughter strongly preferred the latter. As a finance guy with what I’d like to think is a disciplined approach to decision-making, how could I … Continue reading Why We Chose a College With Massively Negative Return on Investment

We Use Feelings to Make Decisions, and that’s OK

One of the most important and surprising things I’ve learned about decision-making is that we rely on, even require gut feelings to make important decisions about the future. Naqiv, et. al. (2006) write about findings in neuroscience that support the somatic-marker hypothesis, which suggests that when we make decisions under uncertainty, we choose among different … Continue reading We Use Feelings to Make Decisions, and that’s OK