How to Stop Yourself Before You Make Another Costly Decision
No one intentionally makes bad decisions. Yet we make them all the time. In fact, some of the worst disasters in recent history-the collapse of major investment banks, the global financial meltdown-were the result of seemingly reasonable decisions made by a lot of smart people. How does this happen?
Michael J. Mauboussin argues that the correct process for deciding well-especially when the stakes are high-conflicts with how our minds naturally work. When faced with complex situations, our brains revert to simplified patterns that obscure better approaches to the problem. Even when we think we're applying logic and reason, we're subconsciously succumbing to social or situational influences. Fortunately, we can override our mind's default systems-that is, we can counter our intuition-by learning to “think twice.”
In this compelling audio book, Mauboussin outlines a disciplined approach to decision making that will signific