Friday, May 11, 2018

How to Make Decisions

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SYNTHESIZING RESEARCH ON What affects our decisions making process? The economic principle I researched was people generally respond to incentives in predictable ways & institutions are the “rules of the game” that influence choices

 Throughout my research on what affects our decision making process I found that there are many different things in our daily lives that alter how we come to a final decision. I found that the people you surround yourself with can greatly influence your decisions and how you act. If your peers and colleagues are an important part of your everyday lives they affect what your final decisions can become without you knowing.

 Also through my research I found that social media has taken the biggest part in the decision making process. There is a new invention called the cookie which is where through all your social media and what you search online a profile is made in order to catch your attention though your apps. So an example would be I was looking on websites for a graduation dress, didn't end up purchasing, but an hour later I was scrolling through instagram and an ad for the same dress I was interested in was featured on my feed. This new invention has been very successful in businesses marketing their products and getting their final goal of gaining customers through social media.

 Overall I have come to realize that when making decisions it's not about you and what you want it's about all of your surroundings that influence you in the final process.

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