How to stop yourself
before you make another costly decision.... No one intentionally makes bad
decisions. Yet we make them all the time. In fact, some of the worst disasters
in recent history - the collapse of major investment banks, the global financial
meltdown - were the result of seemingly reasonable decisions made by a lot of
smart people. How does this happen?
Michael J. Mauboussin
argues that the correct process for deciding well - especially when the stakes
are high - conflicts with how our minds naturally work.
When faced with
complex situations, our brains revert to simplified patterns that obscure
better approaches to the problem. Even when we think we’re applying logic and
reason, we’re subconsciously succumbing to social or situational influences.
Fortunately, we can override our mind’s default systems - that is, we can
counter our intuition - by learning to “think twice”.
In this compelling
audiobook, Mauboussin outlines a disciplined approach to decision-making that
will significantly reduce costly mistakes. Through vivid stories from business,
sports, science, and everyday life, Mauboussin categorizes common mental
mistakes and offers actionable advice for avoiding them, including:
The Inside/Outside View: Take the experiences of others into
Tunnel Vision: Force yourself to consider alternatives that make
The Whole Is Smarter Than Its Parts: Don’t oversimplify complex
Situational Power: Be highly aware of the influence others have
The Expert Squeeze: Know when to trust so-called experts, and
when not to
Backed by powerful
research and shrewd analysis, this audio book gives you a mental toolkit for
spotting dangerous decision traps - and making smarter choices in your
professional and personal life.
Download and start listening now!