Move to the Edge, Declare it Center. Everett Harper
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Название: Move to the Edge, Declare it Center

Автор: Everett Harper

Издательство: John Wiley & Sons Limited

Жанр: Банковское дело

Серия:

isbn: 9781119849896

isbn:

СКАЧАТЬ greater physical prowess and lack intellectual prowess manifests in everyday, unconscious ways. Confirmation bias shows up in how we assess job candidates as well as how we evaluate business proposals. After all, when 98 percent of our thinking is System 1(fast), we are subject to it unless we consciously slow it down or create systems to help.

Schematic illustration of Type 1 versus Type 2 decisions

      In summary, we humans are less rational than we believe, we are wired to create mental shortcuts that can lead to biased decisions, and we have to pay attention to whether decisions are reversible and when risk changes. The best we can do – which can become pretty good with practice – is to be aware of these influences, then design habits, practices, and systems to mitigate them. However, all the theory in the world can't save you if your brain is hijacked by neurochemicals screaming, “Run away!” That brings us to the fourth principle: the reactions to stress.

      Our Bodies: Reacting to Stress

      The COVID pandemic provided a vivid lens to observe common patterns of stress reactions that often lead to poor decision making. I'm sure we have all felt many, if not all of the following list.

       We freeze, delaying decisions out of fear of doing the wrong thing.

       We go into flight, failing to confront reality, ignoring, minimizing, failing to gather facts that might challenge our belief about the crisis.

       We go into fight mode, defending or blaming without thinking, often doing more collateral damage.

       We go into friend/fawn mode, soothing our uncertainty by taking actions to make sure we are liked and appreciated by others, instead of making decisions that we fear will make us unpopular – even if it's the right call.

       We return to the familiar – the old decision‐making models, playbooks, intuitions, or people, ignoring or failing to see that the context has changed and new rules apply.

      When СКАЧАТЬ