Harvard Business Review on Making Smart Decisions, Harvard Business Review
Harvard Business Review

Harvard Business Review on Making Smart Decisions

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Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
The confirming-evidence bias
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
look at the quality of their decision making (taking into account what was known at the time their decisions were made), not just the quality of the outcomes.
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
When you find yourself in a hole, the best thing you can do is stop digging.
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
even smart choices can have bad consequences,
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
By acknowledging that some good ideas will end in failure, executives will encourage people to cut their losses rather than let them mount.
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
If the penalties for making a decision that leads to an unfavorable outcome are overly severe,
Amirthraj Amirthalingam
Amirthraj Amirthalingamhas quoted3 years ago
The bank finally solved the problem by instituting a policy requiring that a loan be immediately reassigned to another banker as soon as any problem arose.
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