What distinguishes a wrong decision from a bad decision?

The key distinction that makes a wrong decision identifiable is its reliance on a faulty method. This means that even if all relevant information is considered, if the decision-making process itself is flawed—whether due to poor reasoning, inappropriate frameworks, or a lack of established criteria for evaluating options—the outcome is likely to be incorrect. A faulty method can lead to erroneous conclusions, despite the actual data or facts being accurate.

In contrast, while the analysis of existing information or emotional influences can affect the quality of a decision, these aspects don't directly define a decision as wrong. A wrong decision is predominantly about the approach taken to reach a conclusion instead of just the inputs or emotional state of the decision-maker. As a result, understanding that a faulty method negates the effectiveness of the analytical process helps clarify the nature of wrong decisions.