The Decision-Making Studio Podcast

Ep. 217: Nuala Walsh - On How to "Tune In" to Make Smarter Decisions in a Noisy World

Apr 27, 2024

Nuala Walsh, author of 'Tune In: How to Make Smarter Decisions in a Noisy World', discusses misjudgement 'traps', whistleblowing, regret, and solutions for making smarter decisions. Topics include ego, memory, power, identity, and 'deaf spots'. The conversation delves into recognizing biases, setting decision rules, and architecting decision-making environments for more effective and informed choices.

01:17:08

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Episode guests

Nuala Walsh

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Episode notes

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Quick takeaways

Acknowledging personal accountability in failures demonstrates genuine character and fosters better decision-making.

Identifying and avoiding misjudgment traps related to ego, memory, power, and emotions enhances informed decision-making in a noisy, polarized world.

Applying the 'Perimeters' framework, which includes 10 common misjudgment themes, helps individuals assess biases and make better judgments in various situations.

Deep dives

Understanding the Misattribution of Success

It is common for individuals to wrongly attribute their success solely to themselves, overlooking external factors like market conditions or luck. This tendency shapes leaders' characters and decision-making processes, with apologies being a revealing moment. Acknowledging personal accountability in failures rather than shifting blame reflects genuine character.

Introduction

3min

Journey from Finance to Behavioral Science

12min

Exploring the Importance of Whistleblowing in Organizations

19min

Exploring Bernie Madoff's Manipulation and Family Tragedy

2min

Navigating Cognitive Biases for Smarter Decision-making

22min

Enhancing Decision-Making Through Strategic Awareness

17min

Engagement with Nuala Walsh and Book Promotion

2min

In this episode, we talk about “tuning in” – into a noisy world so that we can make the best decisions possible. My guest is Nuala Walsh. Nuala is a best-selling author, an adjunct professor of behavioural science at Trinity College in Dublin, an independent non-executive director, a TEDx speaker and one of the 100 Most Influential Women in Finance. She is the author of the fabulous new book Tune In: How to Make Smarter Decisions in a Noisy World.

This conversation covers that and it is incredibly insightful and fun. Nuala shares several misjudgement ‘traps’ from her book – everything from ego to memory, power, identity and more. We also discuss whistleblowing, regret and so-called “deaf spots”. Nuala shares a number of solutions and ways forward so that we can start to “tune in” and make smarter decisions.

Show notes:

Nuala’s website

Tune In: How to Make Smarter Decisions in a Noisy World.

Nuala on Linkedin

Nuala’s Harvard Business Review article “How to Encourage Employees to Speak Up When They See Wrongdoing”

Innocence Project

Fred Clay – found innocent after 38 years for a murder he didn’t commit

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