Life Lessons

Can Math Help You Make Better Decisions

Many people have wondered can math help you make better decisions. Math has many uses in life and if used correctly math can help you make better decisions. Below are examples of how math can help you make better decisions.

Can Math Help You Make Better Decisions

In probability theory and statistics, you learn how to calculate probable outcome. If you apply probability theory and statistics to everyday life, you will be able to take the course of action that gives you the best chance of success and skip those that yields a small chance of success. Most people don't use math when making decisions, it is just not human nature.

However if you do, you will find that everything you do in life is calculated and you will obtain better results. There is also a branch of math that deals with decision making where you learn how to apply math to make better decisions. Usually in business, there are many ways of reaching the same goal. What if, math can tell you that by taking path one you will achieve 100% return whereas by taking path 2 you will only achieve 30% return and there are many risks associated with path 2. Then with math, you can make better decisions about your business.

Math is often used to aid business decisions. You can use math to find out the best way to do business such as how much inventory to order, how much time to process, how many customers do you need to recoup your cost, etc. Without math, you have to make a decision and find out the hard way if your decision is correct or good.

Math is also heavily used in finance and stock analysis to aid investments and real estate investing. Without math, there is nothing to go by whereas with math at least you can make decisions where based on the statistics you will be successful. After all, no one really knows what is going to happen in the future but math can help you make the best decision based on past performances and statistics accumulated by others.

It is hard to imagine that math can help you with everything in life but the truth is that math is a great tool to make any decisions in life. Math can help you make better decisions when you go on vacation, when you drive, when you fly or even when you step out of your home for any reasons. Math can help you calculate where to eat that is best for you and your family or even what gifts to give your spouse or family. However, bear in mind that math is just a tool to make decisions you ultimately have to decide if to go with what is sound in math.