Remove Biases From Your Decision-Making Process - Deepstash

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Remove Biases From Your Decision-Making Process

entrepreneur.com

Know and conquer your enemy

Our brain relies on cognitive biases over clear evidence. Cognitive bias is the tendency to make poor judgments in a consistent pattern. Our unconscious biases are often so strong that they lead us to act in ways that are inconsistent with reason, our values, and beliefs.

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  • The Dunning-Kruger Effect: You believe that you're smarter or more skilled than you are, which prevents you from admitting your limitations and weaknesses.
  • Confirmation Bias: When you welcome information that you agree with while disregarding evide...

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Hungry, Angry, Lonely, Tired.

This acronym can be used by anyone to help you master self-care and self-awareness. It encourages you to pause and ask how you're feeling. Feeling hungry, angry, lonely, or tired makes you mor...

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Use the SPADE framework, developed by Gokul Rajaram, when you face difficulty in decision making:

  • S is for Setting: Define the “what,” calendar a timeframe, and clarify the “why.”
  • P is for People: Identify the people who should ...

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Consider what would happen if you moved in the opposite direction to your choice.

Collect data to support this opposite view and compare it to the data used to support your original decision. Then reevaluate your decision based on the bigger data set.

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Irrelevant information can influence our decision making.

A study asked participants to pick one of three plans.

  1. $59 a year for an online-only subscription
  2. $125 a year for print only
  3. $125 a year for print and online

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One easy and effective way to remove any bias from your decision-making is to ask advice or feedback from others.

People whom you trust will give honest and constructive criticism and point out any blind spots while offering a different point of view.

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Take some time out and consider similar past scenarios.

  • How did you make that decision?
  • What obstacles did you have?
  • How did you overcome them?
  • What was the outcome?
  • What did you learn?

Ref...

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