What influences individual decision-making?

Individual decision-making is influenced by a multitude of factors that can vary greatly among people. These influences can be broadly categorized into internal and external factors. Internal factors include personal values, beliefs, emotions, and experiences, as they shape an individual's perspective and priorities. External factors encompass societal norms, cultural background, social pressure, family influence, and economic conditions that impact the decision-making process. Additionally, cognitive biases, such as confirmation bias or anchoring, play a role in shaping decisions. Understanding these influences is essential to comprehend the complexity behind individual choices and their potential impact on behavior and outcomes.

This mind map was published on 9 October 2023 and has been viewed 41 times.