Smart Choices

A Practical Guide to Making Better Decisions

John S. Hammond, Ralph L. Keeney, Howard Raiffa

The book that introduced the PrOACT framework. Practical, accessible, and still the best one-volume introduction to structured personal and professional decision-making. Perspicuity's PrOACT flow follows this book directly.

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Pages

~300 pp

First published

1999

Reading time

~4 hr

In Perspicuity

PrOACT

Library section

CORE

Chapters

CH 01 Making smart choices

frame introduction

CH 02 PR: Work on the right problem

frame core

CH 03 O: Identify the objectives

clear-values core

CH 04 A: Create imaginative alternatives

creative-alternatives core

CH 05 C: Understand the consequences

relevant-information core

CH 06 T: Grapple with your tradeoffs

even-swap core

CH 07 Clarify your uncertainties

extension

CH 08 Think hard about your risk tolerance

extension

CH 09 Consider linked decisions

extension

CH 10 Psychological traps

anchoring closing