As an effective method, an algorithm can be expressed within a finite amount of space and time, and in a well-defined formal language for calculating a function. Starting from an initial state and initial input (perhaps empty), the instructions describe a computation that, when executed, proceeds through a finite number of well-defined successive states, eventually producing "output" and terminating at a final ending state. The transition from one state to the next is not necessarily deterministic; some algorithms, known as randomized algorithms, incorporate random input
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How to Make Better Choices in Work and Life
The work of managers, of scientists, of engineers and others – the work that steers the course of society and its economic is largely work of making decisions and solving problems. Anybody in any field of business today needs to be a leader rather than a follower.
Avoid making premature assumptions and learn how to draw appropriate conclusions
Consider unforeseen risks and threats to a successful outcome
Compare the relative worth of the available options and determine the best solutions
Think “outside the box”
Create plans for implementing, evaluating, and following up
Avoid common decision-making mistakes
Develop strategic approaches to problem solving and decision making
Critical thinking is the top skill on the wish list in the Trading world, and sharpening your ability can have profound affects throughout all facets of life.
creative Problem Solving and Decision-Making training is designed to challenge you to think through common and less common problems using a structured problem-solving process in order to generate new and original solutions.
a roadmap to more effective and productive thought; the knowledge, tools and techniques to be better at solving problems effectively and efficiently.