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Jos Nieland, Netherlands
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🔥 NEW Recently, Taleb and Nobel prize-winning psychologist Daniel Kahneman together explored their differing approaches to unlocking the mysteries of decision making processes (in the New York Library). Taleb learned from Kahneman the idea of : when you ask someone the last four figures of his social security number and then how many dentists exist in Manhattan, there will be a correlation according to Kahneman.
People use available 'knowledge', information and forecasts (KIF) without any doubt. And the more complex the KIF presented, the riskier decisions people make! People are too 'gullible' (Editor: ~naive, unsuspecting) using KIF. Besides this naivety, sometimes it can also be very profitable for them to use complex KIF (think of bonuses and rewards).
So people, according to psychology, will overly use (early) presented KIF in their decisions. And that can be disastrous: such decisions, based on anchoring and forecasting, can have severe side effects (Taleb calls them 'iatrogenics (...) Read more? Sign up for free
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Nhlanhla Sibisi, Student (University), Germany
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The Experience Factor in Strategic Decision Making..
How is the 'experience factor' included in this (o (...)
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srinivas, Lecturer, India
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Role of Consciousness in Decision Making
I think if the decisions are based on consciousnes (...)
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Jaap de Jonge, Editor, Netherlands
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Will Consciousness Help a Lot?
@: Thanks for your contribution to this discussion (...)
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Ian van Jaarsveld, Strategy Consultant, South Africa
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Anchoring Bias and Influences
@: I think this comment is spot on, we are constan (...)
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Marcel Wiedenbrugge, Consultant, Netherlands
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How People make Decisions
Kahneman's book '' already explains a lot about ho (...)
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Tom Wilson, HR Consultant, United States
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Everything Anchors Bias; Consider 6TH
This issue is of the essence in all planning and d (...)
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Marcel Wiedenbrugge, Consultant, Netherlands
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Decision Making - 6 Hats
I think 6 hats is certainly a nice model, but it d (...)
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Venta Longman, Turnaround Manager, Jamaica
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6TH Expands Decision Making
KIF are definitely influencers in decision making (...)
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Alan Kennedy
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The WRAP Model of Decision-Making
I think Mr. Wiedenbrugge makes an important observ (...)
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J Braun, Entrepreneur, United States
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Understanding the Basic Power of Disagreement
I work in a family organization, and it's a fair s (...)
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srinivas, Lecturer, India
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Consciousness Based Decision Making
Hi @, it is true that information received first h (...)
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Makini, Business Consultant
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Experience in Decision Making
@: it's true that experience can guide decision ma (...)
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Jos Nieland, Netherlands
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Preparing for Downsides/ Sideeffects After the Decision
De Bono's 6 Hats, Kahneman's book and Heath and Si (...)
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Tom Wilson, HR Consultant, United States
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Constantly Operating Contingencies
@: I agree completely. In fact, the more experienc (...)
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Venta Longman, Turnaround Manager, Jamaica
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Experience, Imagination, Creativity and Adaptation in Decision Making
Experience is one of several variables in decision (...)
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Jim Carwardine, Business Consultant, Canada
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AB Can Be Avoided..
Many decisions are made in a Problem-Solving (PS) (...)
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Tom Wilson, HR Consultant, United States
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Creating a Mindset Begins with AB
@: All of these formulas for decision making tend (...)
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Oluyemi Anjorin, HR Consultant, Nigeria
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Decision Making Viz-a-Viz Bias
Decision making requires critical thinking and cri (...)
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Damodaram Kuppuswami, Consultant, India
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Objectivity and Self Inquiry
One possible approach could be enhancing objectivi (...)
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Jim Carwardine, Business Consultant, Canada
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Anchoring Bias Can Be Avoided..
@: Point taken, Tom... My shorthand was a little t (...)
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Mucherwa Oliver Ngoni, HR Consultant, Zimbabwe
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Avoiding Anchoring in Strategic Decision Making
@: but how do you define 'experience factor'? Is (...)
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Tom Wilson, HR Consultant, United States
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AB is a Characteristic of the Self-organizing Mind
@: You have probably seen that pitcher-profile ske (...)
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srinivas, Lecturer, India
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Irrational Elements Can Educated
@: The irrational elements of the mind can be educ (...)
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Tom Wilson, HR Consultant, United States
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The Unconscious Can Be Enriched Through Experiential Training
@: I agree completely. As you say, that is the gre (...)
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srinivas, Lecturer, India
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Role of Good Association
@: Does good association help with disassociation (...)
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Tom Wilson, HR Consultant, United States
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Dissociation and Good Association
@: This is getting a bit beyond my pay grade, but, (...)
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shashinhale Wanna, Project Manager, Tanzania
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Decision Making, Age Contribute to Biasness
I'm sorry to say that "the older people become, th (...)
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Jorge Garrido, Director, Mexico
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How do You Prevent Anchoring Bias (AB) from Occurring When Making Strategic Decisions in your Organization and if You Can`t How do You Counter These Severe Side Effects?
A lot of executives never played in a team when th (...)
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Satya Nistala, India
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Anchored Bias or Anchoring Bias. How to Avoid it?
The question is: Are we anchored and thus make bia (...)
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Tom Wilson, HR Consultant, United States
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Action as Meditation
@: While I agree with you in the main, there is a (...)
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srinivas, Lecturer, India
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The Effect of Yoga on Avoiding Anchoring Bias
There is a knowledge body which is called kriya yo (...)
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Summary
| How to Avoid Anchoring in Strategic Decision Making? |
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Special Interest Group Leader
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