There are various qualities that allow for effective decision making. The most important being having the skills to assess multiple options while at the same time considering the risks associated with it.
In our everyday lives, there are never ending risk calculations that we make throughout the day. For example, when we’re driving a car, walking across the road, or even deciding on whether to get out of bed in the morning. There is even the risk of missing an important business opportunity by dismissing that early meeting if you decide to sleep through your alarm in the morning. Without us even deliberately trying, our brains are naturally assessing the impact of every decision we make, no matter whether the decision is big or small.