Decision-making constitutes a crucial aspect of modern life in its individual, collective and corporate aspects. Nowadays individuals are claimed to face with personal decisions to a degree that their predecessors would have found hard to imagine (Ranyard, Crozier & Svenson, 2002, p.2). From a practical viewpoint, good decisions are the ones that help an individual or a collective to reach a positive outcome, while the bad ones lead to negative outcomes (Mandelberg, 2015, p.1). However, if one refers to the theory of decision-making, determining whether a decision is good or bad depends not only on the outcomes of the decision. ...
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