- Holding out for the perfect decision. Accept that you might be wrong. Mistakes are part of learning.
- Failing to face reality. Distinguish facts from opinions. We tend to see things as we wish they were. (75% of drivers think they are above average behind the wheel, which is statistically impossible.)
- Falling for self-deception. How a situation is presented may affect our decisions. (More patients opt for surgery when told the survival rate is 68% than when told that the mortality rate is 32%.)
- Following the crowd.
- Rushing and risking too much. Rushing means taking unnecessary risks.
- Relying too heavily on intuition. Intuition should not outweigh analytical thinking.
- Being married to our own ideas. We stick with prior decision even if it clearly inefficient or harmful.
- Paying little heed to consequences.
- Overvaluing consensus.
- Not following through.
Common Mistakes while Taking Decisions
Thank you