Stochastic Decision Making
YOU SHOULD TRY
Stochastic Decision MakingStochastic decision making, or random chance, works well for low-stakes decisions when options are well-defined and all possible outcomes appear equal.
Flip a coin.
Taken from game theory, a stochastic solution is one where you choose randomly from a variety of comparable options. The process can be as private as a coin-flip or as public as a roulette wheel; the point is not to waste time doing deep dives when any of the options appear to work equally well.
- Fast and potentially fun
- Dangerous unless options are well-vetted for equivalent outcomes
Avoid These Common Traps
Falling prey to the either/or fallacy
The either/or fallacy is a cognitive bias whereby we think in only absolutes and frame every decision as only two possibilities. When making a random choice, don't skip brainstorming options with your group.
Rejecting the process after not getting what you want
It's especially easy to question making a random choice when you don't like the outcome. Be sure to agree as a group, before deciding, that you'll commit to the final decision whatever it may be.