4 Common Decision-Making Mistakes That Are Holding You Back
Most decision-making errors boil down to:
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Most decision-making errors boil down to:
If you already have an opinion about something before you've even tried to figure it out, chances are you'll over-value information that confirms that opinion.
Think about what kinds of information you would expect to find to support alternative outcomes.
The “fundamental attribution error,” is when we excuse our own mistakes but blame other people for theirs.
Give other people the chance to explain themselves before judging their behavior.
When we’re evaluating an option, we often fixate on the first piece of information we have about it.
Decide in advance what outcome you have in mind.
“Sunk costs” are money, time, or effort we’ve already spent and can’t get back.
Cultivate a habit of admitting your mistakes. Ask yourself: If the past didn’t exist and you’re just starting out now, what would you do?”
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Emotionally driven decisions. Hold off on making important decisions when you are in a bad mood.
Confirmation bias. Always look for conflicting evidence and then make judgments based on more well-rounded information.
Ego depletion. When we're drained, physically or mentally, we're less likely to think critically.
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...are common thinking errors that harm our rational decision-making.
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Is our tendency to overestimate the odds of our own success compared to other people's.
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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.
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... specifically cognitive biases, are your unchecked tendencies to make decisions or take actions in an irrational way.
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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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