15 Obstacles to Making Decisions

Decision-making and Valuation

 

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Decision-making and Valuation > Forum

Matthias Bittrich, Business Consultant, Germany
What kinds of obstacles do you know to making (correct) decisions? Here is my collection of common reasons which may or will lead to bad decisions. I am looking forward to hearing your further obstacles and experiences about them. 1. "Gambler's fallacy" (Daniel Chen (ETH Zurich) - a kind of misbelief in compensatory justice) 2. Coincidences 3. Weakness. Jeff Bezos: "At 5 pm I can no longer think about important things. We then try to tackle something like this again the next day at 10 A. M. / Three good decisions a day.. Are quite enough." 4. Constant distraction (mobile phones, emails) 5. Lack of information 6. Multitasking (Book "The Organized Mind:.." by Daniel J. Levitin) 7. Emotions 8. Hectic 9. Analysis-paralysis (there is never an end to the amount of information) 10. Supporters (Not talk to critics to hear other arguments) 11. Source of information (Is this your own analysis or is it from a team with different approaches and interests?!) 12. Forget asking 3x why (t (...) Read more? Sign up for free

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