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Why Smart People Are Stupid
When we assess ourselves for biases, we tend to engage in elaborate introspection. The problem with the introspection approach is that the driving forces behind biases remain largely invisible to self-analysis and t is also impermeable to intelligence.
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Key Ideas
... specifically cognitive biases, are your unchecked tendencies to make decisions or take actions in an irrational way.
Instead of making decisions based on facts and data, you ...
The brain creates shortcuts in order to make fast decisions when it hits information or inspiration overload.
These shortcuts form unconscious biases so it’s easier for your brain to categorize information and make quick judgments over and over again.
This means that when something good happens, you take the credit, but when something bad happens, you blame it on external factors.
Self-serving bias may manifest at work when you receive critical feedback. Instead of keeping an open mind, you may put up a defense when your manager or team member is sharing feedback or constructive criticism.
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Key Ideas
What’s hard for human beings is letting go...
Motivate yourself. Quitting isn’t an end in and of itself; it’s a pathway to a new destination.
Make a plan that not only sets your new goal but anticipates possible setbacks and pitfalls along the way.
Prepare for the stress of transition. The best defence is knowing ahead of time how you’re likely to react.
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Key Ideas
We often overestimate the likelihood of events that must happen in conjunction with one another.
We are optimistic in our estimation of the cost and schedule and surprised when somethi...
A plan is like a system. A change in one component of a system will likely impact the functionality of other parts of the system.
The more steps involved in a plan, the higher the chance that something will go wrong and cause delays and setbacks. For this reason, home remodeling and new product ventures seldom finish on time.