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Reflecting on past decisions can lead to improved judgment from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore

Reflecting on past decisions is a crucial aspect of enhancing judgment. When individuals take the time to review their previous choices and outcomes, they can gain valuable insights into their decision-making processes. By analyzing what worked well and what could have been improved, they are better equipped to make more informed and effective decisions in the future. Through reflection, individuals can identify patterns and biases that may have influenced their decisions. This self-awareness allows them to be more mindful of these factors in future decision-making scenarios, reducing the likelihood of making the same mistakes. Additionally, reflecting on past decisions enables individuals to learn from their experiences and develop strategies to avoid similar pitfalls in the future. Furthermore, by examining the outcomes of past decisions, individuals can evaluate the effectiveness of their judgment. This evaluation helps them understand the consequences of their choices and provides valuable feedback for future decision-making. By learning from both successes and failures, individuals can refine their judgment and make more rational and objective decisions in the future.
  1. Reflection is a powerful tool for improving judgment. It allows individuals to learn from their past experiences, identify areas for improvement, and develop strategies to enhance their decision-making skills. By taking the time to reflect on past decisions, individuals can cultivate a more thoughtful and deliberate approach to judgment, ultimately leading to better outcomes in the long run.
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Judgment in Managerial Decision Making

Max H. Bazerman

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