In many situations big and small, be it shopping for a car or a house, waiting to be seated in a restaurant or deciding about how much money to put in a business venture, we get anchors thrown our way. Unknowingly yet powerfully as by its definition, the anchor keeps us floating in our decisions in a range close to …
Decision making is a rational, deductive process. In fact, we learned that gathering data, weighing options, and analyzing cost and benefit is the rational way of coming up with answers. There is another process at play while we are using our reasoning skills, and it is hard to describe as we know we are inclined to an option, yet we …
To view a recording of our October 5th Webinar, the 5-step process for removing the 12 decision making biases that affect every organization, click here. An Analysis of How Decision Biases Can Negatively Impact Your Business Natural biases negatively impact decision making on a regular basis. Organizations struggle with how to identify, understand and avoid these biases to make sure …
