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The Art of Thinking Clearly Checklist
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6 min read
There are many mental traps that you can fall into when making decisions. Knowing what they are can help reduce, but not eliminate, the chance of making errors in judgement. It is better to focus on what not to do (via negativa), ie: what factors contribute to failure/bad decisions and try to avoid those. It…
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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…
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Behavioural Biases in Organizational Decision Making
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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…