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Michael Mauboussin - Three Steps to Effective Decision Making

October 17, 2013 | About:

According to the thought-provoking Michael Mauboussin, making an important decision is never easy and making the right decision is even more difficult.

Effective decision making isn't just about accumulating information and going with what seems to make the most sense. Sometimes, internal biases can impact the way we seek out and process information, polluting the conclusions we reach in the process.

Mauboussin says it is critical to be conscious of those tendencies and to accumulate the sort of fact-based and unbiased inputs that will result in the highest likelihood that a decision actually leads to the desired outcome.

In the video below he lays out three steps that can help with this process:

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.6/5 (5 votes)

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