Oliver Sibony's "You're About to Make a Terrible Mistake!" Favorite Quotes From "You're About to Make a Terrible Mistake" "Even if you are a competent, careful, and hardworking executive, you might end up making avoidable, predictable mistakes. This is precisely the...
Decision Making Articles
Reciprocity Principle
From Robert Cialdini's "Influence" The Reciprocity Principle. "The rule says that we should try to repay, in kind, what another person has provided us.""If a woman does us a favor, we should do her one in return; if a man sends us a birthday present, we should...
The 6 Step Process for Better Decision Making.
From Annie Duke's "How to Decide" Why do I need this 6 step process? "For new decisions, you’re looking into the future, which is inherently uncertain. This six-step process will help you improve the quality of both new decisions on your horizon and your assessment of...
Why pros and cons lists are dangerous.
From Annie Duke's book "How to Decide" Why pros and cons lists are dangerous. "When we approach a decision, we have already started to form an opinion about what the right option is. Usually we don’t even know we have already formed an opinion, but that opinion can,...
Is giving interviews for job applicants a waste of time?
From Chip Heath's "Decisive" Is Giving Interviews for Job Applicants a Waste of Time? "Research has found that interviews are less predictive of job performance than work samples, job-knowledge tests, and peer ratings of past job performance. Even a simple...
What are the traits of Superforecasters?
From Philip Tetlock's "Superforecasting" Superforecasters have significantly beaten the CIA in in predicting the future, even without classified information! What Traits do Superforecasters Have? They score very high on active open-mindedness. "Beliefs are hypotheses...
How do Superforecasters make Predictions?
From Philip Tetlock's "Superforecasting" Here is the Method Superforecasters Use to make Predictions. (Wording is from me, not book) They Break Down the Question into Sub Questions. "Decompose the problem into its knowable and unknowable parts." (p. 27) They Get the...
General summary of “Decisive”
From Chip Heath's book "Decisive" "Why do people make bad decisions?" "In recent years, many fascinating books and articles have addressed this question, exploring the problems with our decision making. The biases. The irrationality. When it comes to making decisions,...
You should trust the outside view more than the inside view according the Chip Heath.
From Chip Heath's "Decisive" What is the outside view and inside view? Inside View- "Our evaluation of our specific situation.""The Inside View draws from information that is in our spotlight as we consider a decision—our own impressions and assessments of the...
Attain distance.
By Chip Heath's book "Decisive" The 3rd villain in decision making is short-term emotion. “This brings us to the third villain of decision making: short-term emotion. When we’ve got a difficult decision to make, our feelings churn. We replay the same arguments in our...