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“When a company is formulating strategy, it is useful to consider critiques, problems and likely reasons for failure.”
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140 reads
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“Being able to explain the basis for your confident beliefs will make them more persuasive to others.”
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165 reads
Overconfidence and underconfidence are common and problematic. To calibrate them, weigh seven factors.
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336 reads
“Honest, constructive feedback is so valuable that there’s only one way to respond: ‘Thank you’. ” (Rich Lyons, former dean of the Haas School of Business, UC Berkeley)
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259 reads
“Others’ disagreement is…a gift of great value, but it is not always easy to appreciate it.”
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137 reads
“Honestly communicating the real uncertainty about uncertain things is a viable strategy for aspiring leaders.”
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141 reads
To improve your predictions, ask other people whether they think something will happen and have them estimate the odds that they’re right. This works best with people trained how to see and measure uncertainty. Thinking through the likelihood of various outcomes and considering what happened in t...
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171 reads
“Well-calibrated confidence is the map that can guide your life choices about what to undertake.”
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282 reads
“Although it can be painful to admit that your critics are right, confronting our imperfections opens the way to improvement.”
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149 reads
CURATED FROM
IDEAS CURATED BY
How to Calibrate Your Decisions Wisely
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Other curated ideas on this topic:
Things constantly go wrong no matter how smart and hardworking you are. So, continuously and methodically consider ways a plan could go wrong and plan how to avoid each obstacle.
Make a list of how to fail, so you will be prepared when roadblocks come. Apply this principle by listing the wa...
Just because we know and understand the concept of conjunctive events bias, we are not automatically immune to it.
When we are planning, it is useful to run through our assumptions with this bias in mind. We should be more pessimistic about our plans and consider the worst-case s...
Expose yourself to difficult situations through imagination and you’ll be stronger and less vulnerable in real life situations. our an...
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