The mathematics of decision-making | Alisher Jalilov | TEDxAmerican University of Technology

Core Argument - Mathematics is pervasive in daily life, influencing decisions from simple choices like lunch orders to complex decisions like choosing a partner [2][3][5][13] - Applying mathematical thinking, including logic and strategic reasoning, can lead to better outcomes and reduced regret in various situations [2][8][9][12] Examples of Mathematical Application - Restaurant choices involve mathematical considerations of budget, hunger, and social context [3][4] - Choosing a life partner can involve a mathematical approach by defining parameters and evaluating potential matches [5] - Job interviews require predicting questions and calculating responses to present oneself favorably [5] - The "Prisoner's Dilemma" illustrates strategic decision-making based on potential outcomes and consequences [6][7] - Financial decisions, such as choosing a bank, benefit from mathematical calculations to compare interest rates and compounding frequencies [9][10][11] Rational Thinking - Rational thinking, based on logic and evidence, is crucial for making informed decisions [8][9] - Strategic reasoning, combined with rational thinking, minimizes regret even when mistakes occur [9] - While feelings are important, incorporating logical and mathematical considerations enhances decision-making [12]