120096
Description
Mind Map by hazel.crawford, updated more than 1 year ago
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Created by hazel.crawford
almost 11 years ago
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The
Hidden
Traps in
Decision
Making
- The anchoring trap
- Leads us to give
disproportionate weight to the
first information we receive
- Leads us to give
disproportionate weight to the
first information we receive
- The status quo trap
- Biases towards maiintaining the
existing situation even when
better alternatives exist
- Biases towards maiintaining the
existing situation even when
better alternatives exist
- The sunk-cost trap
- Inclines us to
perpetuate the
mistakes of the past
- Inclines us to
perpetuate the
mistakes of the past
- The confirming-evidence trap
- Leads us to seek out
information supporting an
existing prediliction and to
discount opposing information
- Leads us to seek out
information supporting an
existing prediliction and to
discount opposing information
- The framing trap
- Occurs when we mis-state a
problem, undermining the entire
decision making process
- Occurs when we mis-state a
problem, undermining the entire
decision making process
- the overconfidence trap
- Makes us
overestimate the
accuracy of our
forecasts
- Makes us
overestimate the
accuracy of our
forecasts
- The prudence trap
- Leads us to be
over-cautios when we
make estimates about
uncertain events
- Leads us to be
over-cautios when we
make estimates about
uncertain events
- The recallability trap
- Leads us to give
undue weight to
recent, dramatic
events.
- Leads us to give
undue weight to
recent, dramatic
events.
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