Book Review – Left Brain, Right Stuff, by Phil Rosenzweig
Here’s the transcript from our podcast episode where we discuss the five lessons Ken took from Phil Rosenzweig’s book ‘Left Brain, Right Stuff: How leaders make winning decisions’. This is the second of our ‘Five Lessons’ episodes, in which we discuss a book that we’ve read (or listened to) that we think offers useful insights […]
My Precious! (Loss Aversion)
Do you ever find yourself unwilling to give something up, despite being sure that this is the best decision? You might be suffering from loss aversion. Read on to learn more, or if you prefer to listen to the episode, you can find it here on our website or on your favourite podcast player. Ken: Hi there. […]
Are you thinking what I’m thinking? (Groupthink)
Have you ever disagreed with your boss but chose not to speak up? Ever find yourself swayed by a group that seems confident about a decision? You might be suffering from groupthink. Here’s the transcript for episode 9, season 3 of our podcast How to Choose: ‘Are you thinking what I’m thinking? (Groupthink)’. You can […]
Things can only get better (Optimism Bias)
Are you always late for appointment? Do you know someone who goes over budget and over time for every project? They might be suffering from the optimism bias. Here’s the transcript for episode 7 season 3 of our podcast How to Choose: ‘Things can only get better (Optimism Bias)’. You can listen to it here […]
Nobody wants to be Average! (Base Rate Neglect)
How do you approach decisions that rest on the likelihood of something being true or of something happening? Most of us find it difficult to take into account a critical factor known as the base rate. We also have a strong tendency to see ourselves as exceptional: for some reason we think that statistics don’t […]
I told you so! (Hindsight Bias)
Do you have a friend who always claims they predicted what would happen in elections, your relationships or the stock market? They might be exhibiting hindsight bias. Here’s the transcript for episode 5 season 3 of our podcast How to Choose: ‘I Told You So! (Hindsight Bias)’. You can listen to it here on our […]
If My Memory Serves Me Correctly…(Availability Bias)
Ever wonder how reliable your memory is? We explore this question in this episode of our show and learn about a common thinking problem called availability bias. You can listen to this episode here on our website or on your favourite podcast player. Ken: Hi there, this is ‘How to Choose’, the show that helps you […]
Weighted Down by Decisions? (Anchoring Bias)
Here’s the transcript for episode 3 season 3 of our podcast How to Choose: ‘Weighted Down by Decisions? (Anchoring Bias)’. You can listen to it here on our website or on your favourite podcast player. Tessa: Hi, there. This is ‘How to Choose’, the show that helps you make better decisions and improve your judgment. […]
What a Fool Believes (Confirmation Bias)
Here’s the transcript for episode 2 of season 3 of our podcast, titled ‘What a Fool Believes (Confirmation Bias)’. You can listen to it here on our website or on your favourite podcast player. Ken: Hi there. This is How to Choose, the show that helps you make better decisions and improve your judgment. Thanks […]
Adaptable Decision Making
Sticking doggedly to a goal and eventually reaching the glorious shining heights of fame, wealth or success is the stuff of motivational speakers and self-help books. But is it still true today? Millennials get a bad rap for not sticking with anything: jumping from job to job; going on endless Tinder dates; and, generally being […]
When Leaders Can’t Decide
When leaders fail as decision makers, the consequences can be dire. As Australia approaches another federal election, it’s a good time to stop and think about what good – and bad – decision making looks like. In this post, we’ll look at an example of a time when the pressure built and a former prime […]
Great decisions require clear non-negotiables
We all suffer at times from our poor choices. The causes can be diverse, as we discussed in this recent post on Owning your Decisions. Sometimes we ignore important information – other times we fail to consider a broad enough range of options. But a surefire way to make a decision you’ll regret is to […]
Owning Your Decisions – 7 Questions to Help You Learn & Grow
Viktor Frankl, psychiatrist, philosopher and Holocaust survivor, famously drew on his experiences in Auschwitz and other concentration camps to write the deeply moving and influential book, ‘Man’s Search for Meaning’. This remarkable book has sold over ten million copies and been translated into 24 languages. In it, Frankl made this observation about decision making and […]
Vetting your advisers
Would you consider yourself an expert in your field? I’d bet that even if you’re the world expert on something, you still collect input and observations from other people on your special area. In fact, there’s probably no other way to become an expert! And for the rest of us it’s even more important to […]
Blinking or Thinking?
Intuition. What is it? A sixth sense? An uncanny hunch? An eerily accurate premonition? Maybe something else entirely? Intuition is a hot topic when it comes to decision making. Previously I pinned an article by Laura Huang that addresses the issue. In this blog post we’ll take a quick look at both sides of the argument. […]