Making Bad Decisions: Wrong Or Incomplete Information

Making mistakes is fine, but making the same mistake over and over is not. We need to make mistakes, and learn from it, or else we will keep living the same year in repeat mode. If we don’t analyse and reflect on our actions, we will never learn from our mistakes and will be unable to calibrate o...

The real problem is rarely visible in the first instance, as we only look at the symptom or the result. If we let someone else define the problem, we are far away from it. We might be too close to the problem and need an objective view.

The rule is to not let others define your problems

Our various cognitive biases make us behave irrationally, even though we believe we are acting logically. If we are tired, in a rush, or are distracted we tend to rush towards a bad decision. Other factors include working with an authority figure or in a group.

The rule to follow is to nev...