Bias and decision making

According to a recent article by Mckinsey, only 28% of the managers they surveyed thought that their organisations generally made good decisions. That’s a pretty scary statistic if one of the most important things we want management teams to do is to make good decisions. The article explains some of the common causes of bias in decision and positions ¬†behavioural¬†economics as a way of understanding and countering our natural biases. It amazes me how often I have people talking in training courses talking about how to cope with bad decisions and how cynical they are about the decisions made “higher … Continue reading Bias and decision making