Tuesday, December 8, 2015

Are You Aware of Your Biases?

Biases cloud a leader's judgment and decision making. Self-awareness and accountability are the keys successfully navigating the leadership journey. Are you have a blind spot for any of these?

Self-serving Bias - any cognitive or perceptual process that is distorted by the need to maintain and enhance self-esteem, or the tendency to perceive oneself in an overly favorable manner (D.G. Myers via Wikipedia)

Tip: Be with friends who keep you grounded.

Cognitive fluency - Cognitive fluency refers to the subjective experience of the ease or difficulty of completing a mental task. It refers not to the mental process itself, but rather the feeling people associate with the process. (UX Matters)

Tip: If it sounds good, question it.
Tip: If it sounds good...question it.

Sunk cost fallacy - Phenomenon where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the cost, starting today, of continuing the decision outweighs the expected benefit. (Wikipedia)

Tip: Focus on future cost and benefits

Confirmation bias - The tendency to search for, interpret, favor, and recall information in a way that confirms one's beliefs or hypotheses, while giving disproportionately less consideration to alternative possibilities (Scott Plous via Wikipedia).

Tip: Search for contradictory evidence.

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