From Shane Parrish's "The Great Mental Models" Circle of Competence "When ego and not competence drives what we undertake, we have blind spots. If you know what you understand, you know where you have an edge over others. When you are honest about where your knowledge...
Andy
I’ll be Happy When…I Find the Right Job.
From Sonja Lubomirsky's book "Myths of Happiness" I'll be Happy When...I find the Right Job. "The heart of this chapter is about the happiness myth that stokes this crisis point—namely, that whatever happiness may have eluded you thus far will materialize after you...
I’ll be Happy When…I’m Married to the Right Person
From Sonja Lubomirsky's book "Myths of Happiness" I'll be Happy When...I'm Married to the Right Person "As I describe below, even the happiest marriages cannot maintain their initial satisfaction level, and only with a great deal of energy and commitment can you...
The Mediating Assessments Protocol
From Kahneman's "Noise" The Mediating Assessment Protocol. (From page 299) At the beginning of the process, structure the decision into mediating assessments. (For recurring judgments, this is done only once.) Ensure that whenever possible, mediating assessments use...
Judgement in Managerial Decision Making by Max Bazerman
From Amazon's Description: Behavioral decision research provides many important insights into managerial behavior. From negotiation to investment decisions, the authors weave behavioral decision research into the organizational realm by examining judgment in a variety...
Strategy 6: Understand Biases in Others.
From Max Bazerman's "Judgement In Managerial Decision Making" STRATEGY 6: UNDERSTAND BIASES IN OTHERS "The nature of managerial life requires you to work closely with the decisions of others, reviewing recommendations, transforming recommendations into decisions, and...
Strategy 5. Take an Outsider’s View
From Max Bazerman's "Judgement In Managerial Decision Making" Take an Outsider's View (from page 232) Kahneman and Lovallo (1993) explain this apparent contradiction by theorizing that we all have two perspectives on decision making: an insider view and an outsider...
Thinking Fast and Slow by Daniel Kahneman
Daniel Kahneman is considered one the greatest and most influential living psychologist in the world. He is known for his work on the psychology of judgement and decision making. In 2002, he won the Nobel Prize for his work on how Biases and Heuristics affect Economic...
Strategy 4: Reason Analogically
From Max Bazerman's "Judgement In Managerial Decision Making" Reason Analogically (from p. 232) Analogical reasoning, or the process of abstracting common lessons from two or more situations, turns out to be a remarkably simple debiasing approach (D. Gentner, G....
Strategy 3: Debias Your Judgement
From Max Bazerman's "Judgement In Managerial Decision Making" Debias Your Judgement: (from p. 226) Debiasing refers to a procedure for reducing or eliminating biases from the cognitive strategies of the decision maker. Fischhoff (1982) proposed four steps that...