ABSTRACT

Human cognitive skills have their limitations. Effective decision-making, however, requires a comprehensive assessment of the factors at stake. This work aims to examine how computational tools such as SimDec can support the decision-making process and potentially provide more clarity though visualizations and scenario decomposition to individual decision-makers in their day-to-day lives. Six real-life personal cases were tackled with different mathematical modelling approaches from simple single-equation functions to multi-criteria decision-making. The resulting interaction of the case protagonists with SimDec analytics turned a static-decision framework into a dynamic decision-making process which, in some cases, even led to a restructuring of the entire decision-making situation.