Making Decisions When You Just Don't Know Everything

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Every decision doesn't have to be perfect. I think that something that helps is also to have a history of making decisions that are good enough and seeing them move the ball forward. The Churchill level of confidence, that's crucial in a life-threatening situation. It leads to maximum effort in a lot of situations. For me my growing up as a human being has been coming to try to cope with not being in charge.

Can a great leader or manager be humble in public? Or is exuding confidence, even when it may not be merited, a key part of leadership? In this episode of EconTalk, host Russ Roberts talks with David Deppner, CEO of Psyberware, about an email David sent Russ wondering how Russ might reconcile his passion for humility and honesty with the demands put upon leaders to inspire followers with confidence in their vision.