High-stakes decision making refers to the process of making choices that have significant consequences, often involving high levels of risk and uncertainty. These decisions can impact individuals, organizations, or even entire communities. Examples include business investments, medical treatments, and political policies. The stakes are considered "high" because the outcomes can lead to substantial benefits or serious drawbacks. Effective high-stakes decision making typically involves gathering relevant information, evaluating options, and considering potential outcomes. Decision-makers often use various tools and techniques, such as cost-benefit analysis and risk assessment, to guide their choices. The ability to make sound decisions under pressure is crucial in fields like emergency management and corporate leadership.