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Sep 11, 2023 · Almost all of our decisions are based on information. The idea of making a decision in the absence of information is beyond ridiculous. Again, the information upon which we make the decision is impacted by our emotional preferences. In this context, they are called biases. Our biases are formed based on emotional experiences.
The Art of Asking Smarter Questions. These five techniques can drive great strategic decision-making. by Arnaud Chevallier, Frédéric Dalsace and Jean-Louis Barsoux. Summary. With organizations ...
- The Dunning-Kruger Effect. In addition to the explanation of this effect above, experts are often aware of what they don’t know and (hopefully) engage their intellectual honesty and humility in this fashion.
- Confirmation Bias. Just because I put the Dunning-Kruger Effect in the number one spot does not mean I consider it the most commonly engaged bias—it is an interesting effect, sure; but in my critical thinking classes, the confirmation bias is the one I constantly warn students about.
- Self-Serving Bias. Ever fail an exam because your teacher hates you? Ever go in the following week and ace the next one because you studied extra hard despite that teacher?
- The Curse of Knowledge and Hindsight Bias. Similar in ways to the availability heuristic (Tversky & Kahneman, 1974) and to some extent, the false consensus effect, once you (truly) understand a new piece of information, that piece of information is now available to you and often becomes seemingly obvious.
When making a decision, we form opinions and choose actions via mental processes which are influenced by biases, reason, emotions, and memories. The simple act of deciding supports the notion that ...
Jan 13, 2020 · The illusion of knowledge (biasing predictions of cognitive utility). People tend to underestimate how much new information will influence their understanding 51. Thus, people may underestimate ...
- Tali Sharot, Cass R. Sunstein
- 2020
Dec 28, 2011 · Psychological scientists have been interested in how people make decisions for several decades, but philosophers and economists have been studying decision making for centuries. The most famous scholarly consideration of making a decision in cases when all the facts aren’t on hand is that of Blaise Pascal. In 1670, in his Pensées, the French ...
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The Surprising Power of Questions. Summary. Asking questions is a uniquely powerful tool for unlocking value in organizations: It spurs learning and the exchange of ideas, it fuels innovation and ...
