Emotion Based Decision Making Analysis

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I agree with the author's statement that people who engage in emotion based decision making are poor decision makers. Taking a decision based on emotions and then trying to back it up with logic leads to poor decision making.

Let us take the example of a person in the hospital who is on ventilation support. As emotionally heart breaking as it may be for the family, the family is asked to make a decision to either keep the ventilation support or take the person off of it. It is a difficult time for the family and it is easy to see how emotions will affect their judgment. The family, in their heightened emotional state, may decide to continue with the life saving measures, in the hope that a miracle might save their beloved. But this emotion based decision is not logically sound. Perhaps the doctors has said that the chances of that person waking up are very slim. In such a situation, the family needs to weigh all the factors that might affect such a decision. They need to consider the high financial costs of keeping the person on life support. They need to consider the quality of life of the person on ventilation care. The person might be in extreme pain as well. This situation warrants a logic driven decision rather than an …show more content…
The stock trader must make hundreds of decisions each day on whether to buy, sell or hold a stock. On any given day, the broker is required to make sound decisions with minimal risks of losing money. Even if the stock goes in a downward spiral, the stock broker must be able to back his decision to his superiors that it was the correct one. He or she cannot let emotions drive such fiscally risky decisions. He or she cannot rely on their gut instinct, or their "good feeling" that the stock is going to rise. They must be able to logically explain why they chose to trade that stock. Hence, instead of emotional decision, they need to take a logic based decisions on an everyday
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