Have you ever felt like you are too tired to make the right choice between several options, especially after a long series of decisions? Decision fatigue can lead to poor choices and irrational trade-offs in decision making. It refers to the deteriorating quality of decisions after a long session of decision making. Too many decisions … Read More
We often tend to prefer complex solutions over simple ones; complicated marketing jargon over clear explanations; multi-steps implementations over more direct execution. Complexity can lend an aura of authority to products, which marketers are exploiting to project authority and expertise. Complex processes can also delay decision-making, giving us the illusion of productivity. Why is it … Read More
Do you know someone who always seems to jump to conclusions? While this behaviour may be more obvious in some people than in others, we are all prone to it. In fact, doctors themselves often jump to conclusions: “Most incorrect diagnoses are due to physicians’ misconceptions of their patients, not technical mistakes like a faulty … Read More
In politics and linguistics, semantic traps are words so vague that we cannot give them specific meaning, or words that are systematically misleading. Semantic traps are often used to stir a debate in a certain direction, or to influence people’s judgement. A famous example is when Republican strategist Frank Luntz wrote a memo to George … Read More
“It’s not rocket science!” people often say. Well, sometimes, projects can be so complex, making the right decision does feel akin to rocket science. Who better to turn to than one of the biggest space agencies in the world to learn how to manage risk? There are few organisations working on projects as complex as … Read More
“The eye sees only what the mind is prepared to comprehend.” — Robertson Davies. If you think women are bad drivers, you are more likely to notice driving mistakes made by women. A detective who is convinced a suspect is guilty is more likely to pay attention to evidence corroborating their intuition. These are examples … Read More
Scenario 1 – Joe and Jane decided to play a game in which they toss a coin a few times. Every time a head came up, Joe had to give Jane $10 and every time a tail came up, Jane had to give Joe $10. They could toss the coin any number of times they … Read More
When faced with two equally credible theories, wisdom seems to indicate you should go for the simplest one. Simpler solutions are easier to verify; they’re easier to execute. But, while mental models are a great way to make sense of the world, not all of them should be followed blindly. In fact, some should be … Read More
In many cultures, freedom and autonomy are considered critical to our well-being. Having the ability to do what we want, when we want, and to explore our options seem like healthy attitudes. This is why supermarkets are filled with so many variations of similar products. We think that the more choices we have, the better … Read More
Very few decision-making frameworks are as simple and powerful as the Eisenhower matrix. Dwight Eisenhower was the 34th President of the United States and had an incredibly productive life. Amongst many accomplishments, he served as the Supreme Commander of the Allied Forces in Europe during World War II, launched programmes such as DARPA and NASA, … Read More