Elevate with Robert Glazer
Weekend Conversations: Don't Bet on Exceptional Outcomes
Apr 12, 2025
Dive into the world of decision-making where instincts clash with data! Discover why leaders often misjudge risks by betting on unlikely outcomes. The conversation reveals the dangers of overconfidence and the pitfalls of counteroffers in the workplace. Explore the significance of timely evaluations for new employees and learn how to navigate survivorship bias in leadership. This engaging discussion emphasizes the need for a balanced approach combining strict rules with pragmatic flexibility to foster effective leadership.
44:47
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Quick takeaways
- Leaders often let emotions sway their judgment, leading to flawed decisions that overlook statistical evidence of repeated outcomes.
- To enhance decision-making, organizations should implement data-driven rules to combat biases and establish a culture of accountability.
Deep dives
Rationality vs. Emotion in Leadership Decisions
Leaders often perceive themselves as rational decision-makers; however, many times, their choices are influenced by emotions and instincts. This phenomenon, termed high-velocity decisions, involves frequently encountered situations that typically yield similar outcomes, such as hiring patterns. Even when data indicates that a majority of hires in a specific role succeed, leaders may still highlight exceptions where unconventional decisions worked out, skewing their perspective. This inclination to celebrate exceptional cases can ultimately cloud judgment and lead to less effective decision-making.
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