Common Causes Of Bad Decisions: Our Faulty Reasoning - Deepstash

Common Causes Of Bad Decisions: Our Faulty Reasoning

  1. Inability to predict our response to risk and making knee-jerk decisions based out of fear.
  2. Past success leading to overconfidence and arrogance.
  3. The false assumption of the information on the table being the complete picture.
  4. Taking the wrong lessons from others' success and failures while not able to grasp the complex and diverse set of circumstances.

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IDEAS CURATED BY

nicij

The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.

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Common Causes Of Bad Decisions: Social Pressure

Common Causes Of Bad Decisions: Social Pressure

  1. People push their moral boundaries due to incentives and rewards.
  2. No one wants to be kicked out of a tribe or community so they play along.
  3. People do not think through the consequences.
  4. Little things and tiny, overlooked details snowball into something big.

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