Podcast
Questions and Answers
What can happen when people overestimate what they know?
What can happen when people overestimate what they know?
- They become more respected by their colleagues.
- They become more open-minded and adaptable to change
- They become more successful in their career.
- They become incurious and vulnerable in their field of expertise (correct)
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Study Notes
The author discusses a second process of decision-making called "one plan at a time" in which individuals make decisions based on their subjective, subconscious processes rather than following traditional decision-making steps. The author shares an example of a fire commander who made decisions based on real-time information and adjusted his plan as the situation evolved. This approach to decision-making is common for individuals who regularly engage in a particular activity. While this approach can be fast and efficient, it can also be risky if individuals do not recognize when to pivot from a past decision. The author also notes that individuals often make decisions without considering multiple options and their pros and cons due to how our brains are wired. The ability to recognize this and make adjustments when necessary is crucial in avoiding common strategic mistakes.
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