8 Biases That Cloud Decision-Making (and How to Manage Them)
Founder's Journal
Morning Brew
4.8 • 1.1K Ratings
🗓️ 15 August 2023
⏱️ 13 minutes
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| 0:00.0 | What's up everyone? |
| 0:01.7 | Welcome back to another episode of Founder's Journal. |
| 0:04.6 | I'm Alex Lieberman, co-founder and executive chairman of Morning Brew, and my job is simple, |
| 0:09.5 | it is to make yours easier as an entrepreneur. |
| 0:12.3 | Before we hop into the episode, I would love to ask you for a favor. |
| 0:15.9 | If you like this episode, when you're done listening, please share it with a friend. |
| 0:20.8 | You will help the show grow, and you will also help your friend get smarter. |
| 0:24.9 | So when win situation? |
| 0:26.5 | Today, I'm talking about eight decision-making biases and how they show up in business. |
| 0:32.0 | Let's hop into it. |
| 0:42.3 | I follow this guy on Twitter. |
| 0:43.9 | His name is Daniel, and I apologize in advance if I mispronounce it. |
| 0:47.5 | It's M-N-K-E, so I'm going to guess it's Minky. |
| 0:50.9 | And his niche is investing and psychology principles. |
| 0:54.8 | I came across a recent post of his, which is about eight ways that our decision-making |
| 0:59.1 | gets biased in everyday life. |
| 1:01.4 | Some of these biases are obvious, and it just helps to have a name attached to them, |
| 1:05.8 | and others are less obvious, but equally as important to understand. |
| 1:10.1 | So what I'm going to do is walk through each of the biases that Daniel talks about in |
| 1:14.4 | his thread, and then I'm going to give an example of how I've experienced each one |
| 1:18.8 | in my businesses over the last eight years. |
| 1:21.8 | Decision-making bias number one. |
... |
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