Harvard Business Review

Harvard Business Review on Making Smart Decisions

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  • b3243397750has quoted4 years ago
    Because the resulting distortion poses few dangers for most of us, we can safely ignore it. For
  • b3243397750has quoted4 years ago
    Stop Making Plans; Start Making Decisions
  • b3243397750has quoted4 years ago
    Because the resulting distortion poses few dangers for most of us, we can safely ignore it.
  • Amirthraj Amirthalingamhas quoted7 years ago
    The confirming-evidence bias
  • Amirthraj Amirthalingamhas quoted7 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 Amirthalingamhas quoted7 years ago
    When you find yourself in a hole, the best thing you can do is stop digging.
  • Amirthraj Amirthalingamhas quoted7 years ago
    even smart choices can have bad consequences,
  • Amirthraj Amirthalingamhas quoted7 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 Amirthalingamhas quoted7 years ago
    If the penalties for making a decision that leads to an unfavorable outcome are overly severe,
  • Amirthraj Amirthalingamhas quoted7 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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