Avoid 3 Common Decision-traps

Decision-making and Valuation > Forum Log in

Avoid 3 Common Decision-traps
Asim, Member
Making decisions is your most critical job as a leader. The more high-stakes a decision is, the more likely you are to get stuck. Here's how to avoid three of the most common traps:
1. Anchoring Bias. Many people give disproportionate weight to the first information they receive. Be sure to pursue other lines of thinking, even if the first one seems right.
2. Status Quo Bias. Change can be unsettling and it's easy to favor alternatives that keep things the same. Ask yourself if the status quo truly serves your objectives and downplay the urge to stay in your current state.
3. Confirming Evidence Bias. If you find that new information continually validates your existing point of view, ask a respected colleague to argue against your perspective. Also try to avoid working with people who always agree with you (HBR)....

Use Six Thinking Hats to Avoid Cognitive Bias
Gary Wong, Premium Member
Take a look at the

Any Other Errors in Decision Making?
James Allam Ejidio, Member
Are there anymore causes of decision-making errors...

Decision-making Errors
Gary Wong, Premium Member
James: Advances in the cognitive sciences have rev...


  Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

More on Decision-making and Valuation

Best Practices

Expert Tips


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 25-9-2018. All names of their owners.