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SH113: How to help correct the biases which lead to poor decision making

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Manage episode 445373407 series 3516753
Content provided by Gareth Lock at The Human Diver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gareth Lock at The Human Diver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we explore the concept of "pre-mortem" or prospective hindsight, a technique that helps teams identify potential reasons for failure before a project begins. Research shows that this approach increases the ability to foresee outcomes by 30%. By imagining a scenario where a project has already failed, team members can share their insights and concerns without the fear of being seen as negative, helping to prevent issues before they occur. This method is highly effective in decision-making and risk management, particularly in high-stakes environments like diving or complex team projects.

Original blog: https://www.thehumandiver.com/blog/how-to-help-correct-the-biases-which-lead-to-poor-decision-making

Links: Sunk cost fallacy: http://youarenotsosmart.com/2011/03/25/the-sunk-cost-fallacy/

Authority gradient: https://www.thehumandiver.com/blog/authority-gradient-why-people-don-t-or-can-t-speak-up

Video from Daniel Kahneman about the “pre-mortem”: https://vimeo.com/67596631

Hindsight bias: https://en.wikipedia.org/wiki/Hindsight_bias

Outcome bias: https://en.wikipedia.org/wiki/Outcome_bias

Tags: English, Gareth Lock

  continue reading

114 episodes

Artwork
iconShare
 
Manage episode 445373407 series 3516753
Content provided by Gareth Lock at The Human Diver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gareth Lock at The Human Diver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we explore the concept of "pre-mortem" or prospective hindsight, a technique that helps teams identify potential reasons for failure before a project begins. Research shows that this approach increases the ability to foresee outcomes by 30%. By imagining a scenario where a project has already failed, team members can share their insights and concerns without the fear of being seen as negative, helping to prevent issues before they occur. This method is highly effective in decision-making and risk management, particularly in high-stakes environments like diving or complex team projects.

Original blog: https://www.thehumandiver.com/blog/how-to-help-correct-the-biases-which-lead-to-poor-decision-making

Links: Sunk cost fallacy: http://youarenotsosmart.com/2011/03/25/the-sunk-cost-fallacy/

Authority gradient: https://www.thehumandiver.com/blog/authority-gradient-why-people-don-t-or-can-t-speak-up

Video from Daniel Kahneman about the “pre-mortem”: https://vimeo.com/67596631

Hindsight bias: https://en.wikipedia.org/wiki/Hindsight_bias

Outcome bias: https://en.wikipedia.org/wiki/Outcome_bias

Tags: English, Gareth Lock

  continue reading

114 episodes

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