The Power of Noticing: What the Best Leaders See
In The Power of Noticing: What the Best Leaders See, Harvard Professor Max Bazerman, opines about how the failure to notice things leads to “poor personal decisions, organizational crises, and …
Max Bazerman
Max Bazerman Offers Books for Leaders
Max Bazerman, the author of the best book on general decision making that I’ve ever read, Judgment in Managerial Decision Making, came out with 7 book recommendations1. I hadn’t heard of …
Daniel Kahneman’s Favorite Approach For Making Better Decisions
Bob Sutton’s book, Scaling Up Excellence: Getting to More Without Settling for Less, contains an interesting section towards the end on looking back from the future, which talks about “a …
Mental Model: Bias from Insensitivity to Sample Size
The widespread misunderstanding of randomness causes a lot of problems. Today we’re going to explore a concept that causes a lot of human misjudgment. It’s called the bias from insensitivity to …
Making Smart Choices: 8 Keys to Making Effective Decisions
Making decisions is a fundamental life skill. Expecting to make perfect decisions all of the time is unreasonable. When even an ounce of luck is involved, good decisions can have bad outcomes. So our …
Insensitivity To Base Rates: An Introduction
In statistics, a base rate refers to the percentage of a population (e.g. grasshoppers, people who live in New York, newborn babies) which have a characteristic. Given a random individual and no …
3 Things Everyone Should Know About the Availability Heuristic
There are 3 things you should know about the availability heuristic: We often misjudge the frequency and magnitude of events that have happened recently. This happens, in part, because of the …
Ethical Breakdowns: Why Good People often Let Bad Things Happen
When Charlie Munger recommended reading Max Bazerman’s Judgment in Managerial Decision Making I had never hear of the HBS professor. A lot of reading later and I’m a huge fan. In the HBR …
Can one person successfully play different roles that require different, and often competing, perspectives?
No, according to research by Max Bazerman, author of the best book on decision making I’ve ever read: Judgment in Managerial Decision Making. Contrary to F. Scott Fitzgerald’s famous …
The Anatomy of a Decision: An Introduction to Decision Making
“The only proven way to raise your odds of making a good decision is to learn to use a good decision-making process—one that can get you the best solution with a minimal loss of time, energy, …