Decisions and how we time them (Slideshow)

By | April 13, 2014



title insurance, New York,New York City,Long Island,Michael HaltmanGrowing up my father used to say that there are two ways to make a decision. The first way he said was by omission and the second by commission!

Decision making by commission is an active process whereby the decision-maker weighs pros and cons for various choices, possible outcomes and potential ramifications depending on what happens once the decision is made and that outcome is known.

On-the-other-hand decision making by omission is a conscious choice to bypass the process and to let the outcome, whatever it turns out to be, just happen on its own.

A major component of the process for a decision made by commission is the choice a person makes in terms of timing when the so-called trigger is pulled.

For a home buyer it’s when an offer is made and for the home seller when they provide an answer and then whether they accept or counter that offer. For an investor it’s when they choose to buy or sell a stock or bond and so on.

This slideshow provides a look into the process of decision timing!

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  1. Pingback: NYC golf course with Trump name to cost taxpayers a fortune! | Hallmark Abstract LLC

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