Avoid 3 Common Decision-traps

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Decision-making and Valuation > Best Practices > Avoid 3 Common Decision-traps

Avoid 3 Common Decision-traps
Asim, Accountant, United Arab Emirates, 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 ... Read more? Sign up for free
 

 
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