wise decision making Archives | Disaster Avoidance Experts

The people close to you influence your spending choices more than you think. To make wiser shopping decisions, be aware of how your choices are influenced and commit to only purchasing things for their practical value.

More buying choices lead to less happiness. To make better shopping decisions, satisfice and limit your options. Look for products that are good enough.

Startup founders can defeat mental health challenges and avoid burnout by paying attention to their mental health, seeking help, and standing up to pressure from major investors and Board members

We intuitively overestimate how well others read us and how well we read others, a dangerous judgment error called illusion of transparency. This mental blindspot leads to disastrous results in negotiations and communications.

Maximize the value that pessimists and optimists bring to your enterprise by helping them work together well. Optimists should generate half-baked ideas and give them to the pessimists, who would select the most viable notions and finish baking them into full-fledged plans.

Your relationships will be undermined or even destroyed by the COVID-19 coronavirus pandemic, unless you take proactive steps right now to save them by treating our current conditions as the new normal.

If you care about your bottom line, hire women over men. Due to gender discrimination, women had to work harder to get the same career position as men, and you will on average get a better worker if you hire a woman.

When it comes to shopping, men tend to take more risks, while women prefer to take their time to get the best possible deal. Both genders are prone to mistakes. However, you can train your mind to make the wisest shopping decisions this Valentine’s Day.

Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion.

Organizations often fail to train newly-promoted leaders well, because experienced leaders forget about the many new skills needed for recently-promoted leaders to succeed. This problem stems from a mental blindspot known as the curse of knowledge.