Common Decision-Making Mistakes

leadership-decisionsEric McNulty just published an interesting paper “Improve the quality of your leadership decisions” in which he explains how decision science can help you get better at decision-making. Here is an example of common decision-making mistakes: “One of the most frequent pitfalls in learning to make better decisions is outcome bias. This is the tendency to equate a good outcome with a good decision process and a bad outcome with poor decision-making. You might do everything right yet get a poor outcome resulting from factors outside of your control. Or you might fumble through the process and have everything turn out better than expected. With the many variables in your operating environment, there will never be an automatic correlation between process and outcome. Even the most highly skilled athletes sometimes lose.”

This entry was posted in Misc, Trends. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s