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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 anchoring bias: 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 the (...) 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?
@Srinivas: Thanks for your contribution to this di (...)
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Ian van Jaarsveld
Strategy Consultant, South Africa
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Anchoring Bias and Influences
@Jaap de Jonge (Editor): I think this comment is s (...)
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Marcel Wiedenbrugge
Consultant, Netherlands
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How People make Decisions
Kahneman's book 'Thinking, fast and slow' already (...)
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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 @Jaap, it is true that information received fir (...)
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Makini
Business Consultant
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Experience in Decision Making
@Nhlanhla Sibisi: it's true that experience can gu (...)
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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
@Makini: I agree completely. In fact, the more exp (...)
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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
@Jim Carwardine: All of these formulas for decisio (...)
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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..
@Tom Wilson: Point taken, Tom... My shorthand was (...)
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Mucherwa Oliver Ngoni
HR Consultant, Zimbabwe
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Avoiding Anchoring in Strategic Decision Making
@Nhlanhla Sibisi: but how do you define 'experien (...)
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Tom Wilson
HR Consultant, United States
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AB is a Characteristic of the Self-organizing Mind
@Mucherwa Oliver Ngoni: You have probably seen tha (...)
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srinivas
Lecturer, India
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Irrational Elements Can Educated
@Tom Wilson: The irrational elements of the mind c (...)
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Tom Wilson
HR Consultant, United States
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The Unconscious Can Be Enriched Through Experiential Training
@Srinivas: I agree completely. As you say, that is (...)
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srinivas
Lecturer, India
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Role of Good Association
@Tom Wilson: Does good association help with disas (...)
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Tom Wilson
HR Consultant, United States
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Dissociation and Good Association
@Srinivas: This is getting a bit beyond my pay gra (...)
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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
@Satya Nistala: While I agree with you in the main (...)
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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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