Emotions in Decisions
In this video, Prof.
Baba Shiv of Stanford University speaks to the importance of emotion in
decision making, particularly as related to confidence. After watching this
video, reflect on two situations; one, in which you were extremely confident of
the outcome and what your attitude was towards the subject; and second, a
situation in which you were less confident or not so confident of the outcome.
Based on this module's readings and this video write a reflection blog
detailing the situations above and describing the role emotion played in
decision making. Include what emotional reactions you experienced for each
scenario.
Shiv (2011) discusses emotion can influence the wanting
system in the brain, or the release of dopamine from the brain, that comes from
potential decisions and the subsequent benefits and effort that is to be
expended.
From a personal standpoint, I can confirm Shiv’s assessment,
as I was highly motivated in the role of purchasing new flight planning software
for the company I was employed with at the time. Knowing the operational changes and growth that
the company was experiencing and having conducted thorough research on the
required features we were looking for, I soon became focused on a product that offered
the right combination of utility and price that would satisfy our
requirements. At this point, the wanting
system, as described by Shiv (2011), activated because I had a vision, or
pathway, of how this product would help achieve our desired end state. Thus, the motivation, the emotional charge, and
all the other attributes associated by Shiv (2011) manifest itself in me when I
presented this program confidently to our Chief Pilot and the company
owner. Seemingly convinced on the spot,
the gave the go ahead and enter into contract. In this case, the confidence was borne from
seeing the product solve or answer the issues we faced which lead to a vision
of success. In the end, the vision
became reality and we commenced international flight operations with help of
our flight planning software.
A time I was less confident was in agreeing to the contractor
that my wife selected to remodel our bathroom.
This person had done work for us before, but this job was much larger in
magnitude than the previous painting and light repair work she had accomplished. While we very much wanted this project to get
started and could see the end result, I started to sense doubt that this person
would be able to accomplish the job when the normal complications emerged in a
typical remodel project. The contractor’s
confidence in solving the issues was not terribly strong and soon she was
considering having to consult her ex-boyfriend who were partners in several
jobs together for help. It became
apparent that she could not envision solutions to the problems in the job, and
therefore, could not envision success.
Shiv (2011) rightly states that the wanting system drives
the emotional state into projecting confidence.
I would add that the wanting state is driven by a vision of future
success that sees the component, tool, or person designated for a role as necessary
to achieve success.
Shiv, B. (2011, November 07).
Brain Research at Stanford: Decision Making. Retrieved March 11, 2018, from
https://www.youtube.com/watch?time_continue=4&v=WRKfl4owWKc
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