read doc Ú Never Go with Your Gut ´ Paperback

ebook ¶ Never Go with Your Gut ì Gleb Tsipursky

Never Go with Your GutAvoid terrible advice cognitive biases and poor decisions Want to avoid business disasters whether minor mishaps such as excessive team conflict or major calamities like those that threaten bankruptcy or doom a promising career? Fortunately behavioral economics studies show that such disasters stem from poor decisions due to our faulty mental patterns what scholars call “cognitive biases” and are preventableUnfortunately the typical advic Think Outside of your Cognitive Bias BoxGoing with your “Gut” or allowing your Cognitive Biases and emotional reactions to guide your business decisions is a bad idea This conclusion is based on scientific research in for example behavioral economics neuroscience and psychology However Dr Gleb Tsipursky also give a lot of real world examples that help you understand why These examples are interesting and entertaining stories that make the book fun to readI was aware of some well known cognitive biases such as; confirmation bias when you look for information that confirms your belief and ignore information that contradicts the belief sunken cost bias when you fail to divest because you hope to regain the losses the Dunning Kruger effect when people with limited knowledge greatly overestimate their own understanding In this book Dr Gleb Tsipursky describes than 30 different kind of cognitive bias and how to detect them in others and in yourself as well as how to fight them He provides decision making approaches that avoids the various pitfalls and processes you can use to help others become aware of and fight their cognitive biases EGRIP The book also teaches something called Probabilistic ThinkingThe book contains a lot of exercises that help you detect and deal with cognitive biases in yourself and others Doing the exercises is a great approach to self discovery It is a lot difficult to acknowledge cognitive biases that you yourself have as compared to discovering them in others which is one reason the exercises are important Once you understand one type of bias and how to deal with it in practice you can help others and yourself but it takes work to do the same for yourself In my opinion this book is not just for business leaders and professionals Understanding these cognitive biases and learning how to deal with them can help us lead better and smarter lives and help us form realistic opinions and world viewsIn summary this book will help you discover and deal with the biases that prevent you from acting rational and it will teach you to use evidence based reasoning and probabilistic thinking This book could help all of us become better professionals and live our lives better

ebook Never Go with Your Gut

read doc Ú Never Go with Your Gut ´ Paperback Ä [Epub] ➝ Never Go with Your Gut By Gleb Tsipursky – Avoid terrible advice cognitive biases and poor decisions Want to avoid business disasters whether minor mishaps such as excessive team conflict or major calamities like those that threaExperience to show how pioneering leaders and organizations many of them his clients avoid business disasters Reading this book will enable you toDiscover how pioneering leaders and organizations address cognitive biases to avoid disastrous decisionsAdapt best practices on avoiding business disasters from these leaders and organizations to your own contextDevelop processes that empower everyone in your organization to avoid business disaster I find reading the book title “Never Go With Your Gut” ironic But as they say don’t judge a book by its cover Ironic in a sense that as humans we tend to be emotionally trusting our gut whenever we make decisions or we feel there is something wrong This book would guide me to shift my perspective into how I deal with my personal and career choices to avoid committing the same mistakeWhen I was already working in a corporate environment it came across my mind to pursue a masters degree in business so that I could do something productive during weekends and for my future plans I did go after my plan but it was an impulsive decision It was a plan I had but I didn’t really think through of the struggles I may encounter That time I was working as a full time employee business and studies It was hard for me to focus as I have been juggling a lot of workload on my shoulder and I ended up giving up my studies If I knew what I have read in this book especially the 8 steps in decision making I would have made the right decision back then which will certainly not cost me money time and energyIt caught my attention while I was reading “If you feel uncomfortable with a situation don’t just rely on your instincts and go with your autopilot system Instead turn on the intentional system to analyze what’s going on” To be honest this strike me because most of the time I rely on my instincts And when I do I always have this uestion “Did I make the right decision?” and then feel guilty or regret about it With what I have read in the book cognitive biases were mentioned and there were 30 of them in which we should evaluate ourselves if we were in collision with these biases and use debiasing techniues to address potential judgement errorsOn the other hand there are a lot of cognitive biases that I might or be vulnerable but I think it would be attentional bias There are times which I tend to not really being keen to details which led to committing mistakes Also when it comes to people I am not really the discerning one With this I must be able to pay attention on this bias and learn to evaluate the situation where have I gone wrong Ask certain people for feedback And also take into consideration that there are other factors that are important too

Gleb Tsipursky ì Never Go with Your Gut text

E for business leaders to “go with their guts” plays into these cognitive biases and leads to disastrous decisions that devastate the bottom line By combining practical case studies with cutting edge research Never Go With Your Gut will help you make the best decisions and prevent these business disastersThe leading expert on avoiding business disasters Dr Gleb Tsipursky draws on over 20 years of extensive consulting coaching and speaking The book NEVER GO WITH YOUR GUT provides valuable information that gives individual a basis on how to come up with a wiser decision The future of the company as a whole depends on how business leaders decide Further this book teaches how to deal with the “internal” self in every situation that reuires decision makingI’ve known a friend who tried to establish an investment group It is composed of five individuals who agreed to have a monthly due It was agreed that the dues are intended to invest in higher interest such as stocks and mutual funds At the beginning it turns out so well Until one day one of the members driven by gut decided to host a concert Confidently he assures the group that his proposal would earn much In the long run the event turns out to be losing and there were misunderstanding among the members which eventually lead the group into withdrawalShould the group had known this book the group would have a different perspective on how to put in place all the necessary things to be done particularly the attitude of handling a startup businessWhat surprises me in this book is that in every chapter contains information on how to process the self In fact for some reasons there are times that I am confused especially when the book provides a research where gut could be right However in my own point of view I would go for a systematize approach in decision making rather than following the gut feeling Further every time I feel gutsy I will consider it as a basis to evaluate and process situations before decision will be madeHaving limited resources on how to start a business is one of my problems My parents are not businessperson or my profession does not teach business In the book there are twelve techniues to address these issuesIdentify and make plan to address dangerous judgment errors – should I be confronted with a risky situation where decision is necessary I would evaluate the situation examine every angle and possibilities consult expert if necessary to avoid unnecessary resultsDelay in decision making – should I be so unsure; I would spend some time to review all necessary factors before decidingMindfulness and meditation – I will spend time to consider the people directly or indirectly involve in my decision I would spend time to meditate to energize my capacity to think criticallyProbabilistic thinking – should unnecessary event will happen I would spend my time finding evidences on how or why things happenedMaking predictions about the future – as a visionary it is important to make predictions about the future It includes changing attitude changing strategies eliminating traditionsConsidering alternative explanations and options – should the behavior of the people around is unpleasant I would rather check what is behind reasonConsidering our past experience – we learn from the past Should the experience lead us to prosper then continue Should it made us broke then move on and find new waysEvaluate the long term future and repeating scenarios – our daily routine determines the outcome of our goal There is always the need to evaluate if there is a need to change of the routine to bring the company to a greater profitConsidering other people’s point of view – listening is the best way to learn Using an outside view to get an external perspective – check and balance approach Consulting stakeholders is best method in setting direction to the companySetting a policy that guides your future self or your organization – to avoid the risk of bankruptcy and abuse of employee or business partners setting policy is a best wayMaking a precommitment – adaptability of other organizations that are helpful