Understanding biases can lead to better decisionmaking from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
Understanding biases is crucial for making better decisions in the managerial context. By recognizing and acknowledging our own biases, we can avoid falling into the trap of making decisions based on flawed reasoning. This self-awareness allows us to take a step back and critically evaluate the information at hand, rather than being swayed by our preconceived notions. Moreover, understanding biases enables us to consider alternative perspectives and viewpoints. We become more open to different ideas and possibilities, which can lead to more creative and innovative solutions. By being mindful of our biases, we can avoid tunnel vision and explore a broader range of options before reaching a decision. In addition, understanding...
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