2018
-
Invested by Danielle Town and Phil Town Rating: 👍 What did I learn? Most retirement savings calculations don’t account for 2-3% inflation over time, which at a 6% market-index return means you likely need to save a lot more than you think. This is something I need to confirm with my own financial projecting, however it…
-
Behavioural Biases in Organizational Decision Making
•
5 min read
I came across an interesting report about behavioural biases in decision making and project planning. This was extremely timely as I have been reading about biases and improving decision making lately, and this report ties together various principles with tangible impacts on project planning. Link to the report: http://www.behaviouralinsights.co.uk/publications/a-review-of-optimism-bias-planning-fallacy-sunk-cost-bias-and-groupthink-in-project-delivery-and-organisational-decision-making/ I’ll do my best to summarize…