Opinions and organization theory has generated quite a bit of feedback. If you recall, one of the points of that post is that decisions are often made by everyone, meaning no one is accountable. Those in power often facilitate this. Each time they tell someone “the committee,” or “executive” decided something poorly they’re masking personal [...]
Decision Making
King Solomon, thought by some to be the wisest man who ever lived, anticipated the economists concept of separating equilibria by about 3,000 years. In his most famous case, he proposed cutting a baby in half to separate the true mother and the false mother. The true mother said: “No, give him to the other [...]
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” — Mark Twain Good opinions are a lot of work. When I think about the world in which we live and the organizations in which we work, I can’t help but think that few [...]
Billionaire Charlie Munger offers a two-step filter for making decisions: Personally, I’ve gotten so that I now use a kind of two-track analysis. First, what are the factors that really govern the interests involved, rationally considered? And second, what are the subconscious influences where the brain at a subconscious level is automatically doing these things-which [...]
Nassim Taleb kicks off the spring quarter entrepreneurial thought leaders seminar at Stanford with this April April 10, 2013 lecture that corresponds to Book 4 of Antifragile: Things That Gain from Disorder (innovation as optionality). Taleb is the author of Fooled by Randomness, The Black Swan, and, most recently, Antifragile. His works focuses on decision [...]
Two important nuggets from an interview with Chip Heath, co-author of Decisive (more here), on improving our ability to make better decisions: A decision-making magic trick The closest thing to a decision-making magic trick that I’ve found is the question, “What would you advise your best friend to do if they were in your situation?” [...]
Below are three excerpts from a great interview with Rory Sutherland on decision making psychology. Understanding Human Behavior That attempt to model economic behaviour as though it were Newtonian physics was responsible for many past mistakes. This is closer to weather forecasting than to conventional physics as a science. But it is still a science [...]
