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17min chapter
969: How to Make Better Decisions by Wisely Evaluating Claims with Alex Edmans
How to Be Awesome at Your Job
Recognizing and Addressing Cognitive Biases in Decision-Making
The chapter explores how confirmation bias and black-and-white thinking can influence decision-making, using examples like a breastfeeding study and the Deepwater Horizon disaster. It emphasizes the importance of critically evaluating claims and recognizing biases that can lead to misinformation, even for intelligent individuals. Practical examples like extreme diets and sustainable finance are discussed to illustrate how overconfidence can impact decision-making.
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