I recently published the second edition of my book "The Practice and Philosophy of Decision Making". Some of what I say in my book is based on a Negotiating Skills class I took from Prof. Max Bazerman when I was at Kellogg. So as I worked on the second edition, I was curious what he was up to and I found his HBR paper about decision making skills. In my book I talk about creating a personal framework to understand emotional biases - some a result of stone age "fight or flight" instincts that are inappropriate in today's society. The paper also talks about "how to reduce biased decision-making." From the summary page - key concepts include:
-People put great trust in their intuition. The past 50 years of decision-making research challenges that trust.
-A key task for psychologists is to identify how and in what decision-making situations people should try to move from intuitive, emotional thinking to more deliberative, logical thinking.
-The more that researchers understand the potentially harmful effects of some biased decision-making, the more important it is to have empirically tested strategies for reaching better decisions.
Showing posts with label Decision Making. Show all posts
Showing posts with label Decision Making. Show all posts
Tuesday, September 2, 2008
How Can Decision Making Be Improved?
Labels:
Books,
Decision Making,
HBS
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