MGT 3120H Lecture Notes - Lecture 10: Peter Drucker, Unconscious Mind, Impulsivity

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19 Mar 2017
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Wsj articles: you"re not too busy, you"re just a little rude. Less likely to considers point of view. Is there any reason to suspect errors-driven byself-interest. Self-deception and rationalization distort decision toward one"s self. Have the people fall in love with their ideas. When evaluating something we like, e minimize the risks and costs and exaggerate the benefits. Most people are too optimistic about future and attributes. Ex) physicians who were completely certain about a diagnosis we wrong 40% f the time. People let emotions play too big a role in decision making. Take your emotional temperature before making a decision lower the emotional level. Difficult choice don"t have crystal clear solution. Try a decision for size in your mind, try the decision for a week . Recognize what must be decided now and what can wait. For decisions that have long term impact, hold off on the final decision until the deadline.

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