AI Snips
Chapters
Transcript
Episode notes
CEO Performance and Confirmation Bias
- CEOs initially improve company performance by seeking diverse opinions to counter confirmation bias.
- Over time, CEOs become overconfident, seek limited advice, and performance declines.
Use Group Feedback to Reduce Bias
- Avoid overconfidence by seeking feedback from a group rather than individuals.
- Score candidates independently before sharing to reduce bias and improve decisions.
Social Incentives Over Money
- Social incentives boost productivity more long-term than larger financial incentives.
- Sharing incentives fosters a culture of high performance and provides positive emotional rewards.