The Four Villains Of Decision Making - Deepstash
The Four Villains Of Decision Making

The Four Villains Of Decision Making

When we make bad decisions is usually because of these 4:

  • Narrow framing: the tendency to define our choices too narrowly, to see them in binary terms.
  • Confirmation bias: we are more likely to select the information that supports our preexisting attitudes, beliefs, and actions.
  • Short-term emotion: when we’ve got a difficult decision to make, our feelings churn.
  • Over-confidence: we think they know more than they do about how the future will unfold.

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evan_yy

You say problem, I say challenge.

The idea is part of this collection:

How To Become a Better Decision-Maker

Learn more about leadershipandmanagement with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

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The Four Villains of Decision Making

The Four Villains of Decision Making

  • Narrow framing: The tendency to define our choices in binary terms. We ask, "should I, or shouldn't I?" instead of “What are the ways I could...?”
  • Confirmation bias: People tend to select the information that supports their preexi...

Defeating Decision-Making Villains

  • Counter narrow framing by widening your options. Expand your set of choices.
  • Confirmation bias leads you to gather self-serving information. Analyze and test your assumptions to overcome the bias.
  • Short-term emotion will tempt you to make the wrong choice. So distance yoursel...

Pros-and-cons lists are flawed

There are a few biases they don't address:

  • Narrow framing: the tendency to view an option as your only option.
  • Confirmation bias: our tendency to gather the information that supports our preferred option.
  • Short-term emotion: our tendency to have our...

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