Ep 53, Communicating Our Mistakes: How to Avoid Common Flaws and Make Better Decisions
发布时间 2022-02-24 23:40:28 来源
摘要
In this episode of Think Fast, Talk Smart, host Matt Abrahams sits down with finance professors Jonathan Berk of Stanford Graduate School of Business and Jules van Binsbergen of The Wharton School to discuss common flaws in the decision-making process, and what to do about them.
“When you make a decision, you have to take into account the effect of that decision on the world. Too often, people ignore that,” says Berk. “They engage in what I would call ‘All Else Equal’ thinking, and they evaluate the effect of the decision — holding everything else the same. You can never do that. I know it sounds obvious as I talk about it, but you’d be surprised how often people get fooled.”
Berk and van Binsberg explore the topic of decision-making in-depth with business leaders in their new podcast, All Else Equal: Making Better Decisions.
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