How To Save (Or Waste) Money

How To Save (Or Waste) Money

We may think we make good decisions but research over the years and decades has shown there are many ways in which our brains trick us into making suboptimal decisions - particularly in financial scenarios . . .

 

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leadership brain magazine

Fear and Politics

Fear and Politics

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Collective Learning

Collective Learning

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Outcome Bias and How to Make Bad Decisions

Outcome Bias and How to Make Bad Decisions

Results, results, results. That’s what counts – of course, it makes sense. But results can be the result of fluke and chance. How do we distinguish between bad decision making that has a fluke positive outcome, and good decision making that has a fluke bad outcome? It’s hard because, as I show, our brains are wired to measure outcomes and not processes . . .

 

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Wisdom of the Crowd or Stupidity of the Masses

Wisdom of the Crowd or Stupidity of the Masses

Recently many forms of crowd sourcing have moved into the mainstream. It has also become understood that innovation is a collaborative process and companies have aimed to take advantage of this. Group intelligence is therefore on the rise. But what does the science say about this – we know that groups can collectively make better decision than experts, but they can also move as mindless herds with terrible consequences. This month I break down when crowds can be wise and stupid . . .

 

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leadership brain magazine