6 Common Decision-Making Blunders That Could Kill Your Business - Deepstash

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6 Common Decision-Making Blunders That Could Kill Your Business

entrepreneur.com

Each day, we automatically make thousands of choices, from what time to wake up to what to eat.

The problem with this automatic processing is that there are instances when we jump to conclusions that are wrong.

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6 of the largest decision-making blunders

  1. Sunk-cost fallacy. Present yourself with the new options at hand -- without considering the sunk cost.

  2. Narrow framing. When we're in situations that will repeat themselves over time, we should take a step back and play a game of averages...

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