Would you flip a coin for the chance of winning two dollars? What if you were given a dollar and offered the chance to flip a coin to either gain a second dollar or lose the first? Which wager seems more appealing—the first or the second?
Far more people choose the first wager than the second. Both scenarios have exactly the same probability of outcomes: a 50% chance of ending up with nothing, and a 50% chance of ending up with two dollars. Why might the first wager appeal to people? Do we always make the best possible decision?
Impediments are factors that can hinder decision making. While they often vary by situation, common impediments exist that might influence decision making in general.
ything is evolving, and thus the learning process must adapt to meet the needs of today’s workforce. Traditional modes of corporate training no longer deliver the flexible learning required for 21st-century success, nor do they meet the learning requirements of today’s employee. Work-life balance is very important to Millennial and Gen Z professionals. In fact, according to a Deloitte poll, 16.8% of millennial evaluate their job options based on work-life balance. They can create a balance between the two thanks to self-paced learning. This type of learning is not limited by geography or time. It can be done at the employee’s leisure, from home, while traveling, or during work breaks. (Ang’John Ferreri, 2021)
Self-paced learning kills two birds with one stone—flexibility and scalability. Employees would be far more able to handle their numerous duties, whether personal or work-related, and not feel overwhelmed if they were able to learn on their own time, at their own pace, in their own locations, and at their own convenience. Flexibility leads to equilibrium. In fact, according to LinkedIn’s 2018 Workplace Learning Report, 58% of professionals actually prefer to embark on learning at their own pace. Not only that, but because self-paced learning materials are typically recorded once, and then released online, there is no limit to the number of people who can access them. Many people no longer assemble in one place to receive professional training from qualified educators. And all of the content is saved indefinitely and can be used at any time. (Vera Lawrencia, 2021).