Step 1:
Work on the right decision problem – 10 minutes
Give the following instruction: "Individually describe the task that needs to be solved or the situation that requires a choice."
You can also comment on this step: "The success of the forthcoming steps depends on how you frame the problem; the decision should lie within your responsibility and be achievable within your control. For this exercise, it is not recommended to focus on a systemic issue, as solving it lies outside of your control."
Step 2:
Specify your objectives – 15 minutes
Help participants with the goal setting: "Describe what you want to see as the result of your decision-making."
Comment: "The decision should lead you where you want to be. What kind of job do you want? Remote or office-based, with a flexible schedule or a fixed one? In a large corporation or a startup? As Hammond et al. (2015) mention, “A decision is a means to an end“, so ask yourself what you want. Which of your interests, fears, values, beliefs, and expectations are most relevant to this vision? A clear goal will bring you closer to solving the problem."
Step 3:
Create imaginative alternatives – 15 minutes
Pair up the participants and suggest discussing the possible ways to reach their goals in pairs.
Comment: "How many alternative ways to achieve the goal are there? Which of them can you implement? Which resources would you need for their implementation? Do you have these resources?"
Steps 4 and 5:
Understand the consequences and grapple with your tradeoffs – 15 minutes
At this stage, participants ask each other questions about the consequences of each of the alternatives.
Comment:
"How do these options align with your goals? Traveling to Asia for six months... Sounds tempting, right? But how will it affect your studies or work? What about your parents? Or your health? It is important to seriously consider all these consequences. Descartes’ Square can help you come up with more potential consequences. You’ll also need to consider potential trade-offs between different objectives and priorities."
Step 6:
Clarify your uncertainties – 10 minutes
Here, participants can ask each other such questions as: "What might happen in the future? How likely is it?"
Comment: "Uncertainty complicates the choice. But the right decision involves overcoming uncertainty and assessing the likelihood of different outcomes and their consequences."
Step 7:
Think hard about your risk tolerance – 15 minutes
Then, participants help each other evaluate risks. Each person makes a list of risks and reads it out loud to their partner, who asks follow-up questions.
Comment:
"Whenever uncertainty is involved in decision-making, risks arise. Once you describe them, you can exclude unviable options. In many cases, the choice will be obvious. If it is not, you may want to consider the degree of risk you are willing to take. Different people might be willing to accept different levels of risk. Understanding your personal risk tolerance will help you stay coolheaded while evaluating each option and making the decision.”
Step 8:
Consider linked decisions – 10 minutes
At this final step, participants reflect individually on what turns their lives might take if they make one decision or the other – 10 minutes
Comment:
"Today's decisions affect tomorrow’s choices, and your goals for tomorrow influence your today’s choices. Your subject choices in high school or college may prompt you to choose your future career. Such decisions are called interrelated. To make the right choice now, think about what dilemmas you might face later. Consider all available information; it will be easier then to make the right choice despite uncertainty."
References:
Hammond, J. S., Keeney, R. L., & Raiffa, H. (2015). Smart choices: A practical guide to making better decisions. Harvard Business Review Press.