Easily Hide Alternative Choice in the Self-Evaluation

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How to Hide Alternative Choice in the Self-Evaluation

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Im going to talk to you about some stuff thats in this book of mine that I hope will resonate with other things youve already heard, and Ill try to make some connections myself, in case you miss them. But I want to start with what I call the official dogma. The official dogma of what? The official dogma of all Western industrial societies. And the official dogma runs like this: if we are interested in maximizing the welfare of our citizens, the way to do that is to maximize individual freedom. The reason for this is both that freedom is, in and of itself, good, valuable, worthwhile, essential to being human, and because if people have freedom, then each of us can act on our own to do the things that will maximize our welfare, and no one has to decide on our behalf. The way to maximize freedom is to maximize choice. The more choice people have, the more freedom they have, and the more freedom they have, the more welfare they have. This, I think, is so deeply embedded in the water

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What is the framing trap?

The framing trap occurs when we misstate a problem, undermining the entire decision-making process. The overconfidence trap makes us over-estimate the accuracy of our forecasts. The prudence trap leads us to be overcautious when we make estimates about uncertain events.

How do you overcome bias in decision-making?

10 tips to overcome cognitive biases Be aware. Consider current factors that may be influencing your decision. Reflect on the past. Be curious. Strive for a growth mindset. Identify what makes you uncomfortable. Embrace the opposite. Seek multiple perspectives.

What is the anchoring trap in decision-making?

Anchoring Trap A leader of a group may unintentionally anchor a groups thinking by presenting their opinion or analysis first in a decision-making process. The Anchoring Trap can cause alternatives to be clustered around the anchor, throwing off estimates, forecasts, and consideration of wider-ranging alternatives.

What are the common traps in decision-making?

Five Hidden Traps That Can Affect Decision Making Sticking with the status quo and the fear of upsetting the balance. People inherently fear change. Anchoring and relying on first impressions. Refusing to leave your echo chamber. Not framing the question properly. Being held hostage to the past.

What is the most common decision-making trap?

The two most common traps that impact decision making are known as confirmation bias and overconfidence bias. Before I explain them, consider the following business decision.

What to avoid when making decisions?

Decision-Making Pitfalls Managers Should Avoid Defaulting to Consensus. Not Offering Alternatives. Mistaking Opinions for Facts. Losing Sight of Purpose. Truncating Debate.

Is the mental process of choosing from a set of alternatives?

Decision making is the mental process of selecting a course of action from a set of alternatives.

What is an example of a recallability trap?

The Recallability Trap We all, for example, exaggerate the probability of rare but catastrophic occurrences such as plane crashes because they get disproportionate attention in the media. A dramatic or traumatic event in your own life will distort your thinking forever.

How do you avoid decision traps?

How to Avoid these 3 Hidden Traps of Decision Making For You and Your Clients Dont Make the Mistake of Anchoring Your Questions. Think Carefully About Choosing to Maintain the Status Quo. Consider the Way You Frame Decision Making Conversations.

What is recallability trap?

The recallability trap occurs when we are overly influenced by past experiences, specifically with trauma or the media. The media is guilty of making it so that we hear things over and over again.

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