7.4 Avoiding decision traps
While it is not possible to change our human natures, it is possible to immunise ourselves to some extent against common decision traps. Useful strategies include:
Get in the habit of reframing problems. For example, if you are considering strategies for avoiding a loss of €10,000 try asking yourself if you would feel differently if you consider them as strategies for making a gain of €10,000.
Think about the information you have relied on – to what extent have you been biased towards information which is easily retrievable or available? How may this have affected your thinking?
Ask yourself whether your understanding of the problem or the decision outcome became anchored at an early stage. Try and imagine radically different approaches.
Consider if it is possible that your own or others' concern to be cast in a good light is preventing an honest appraisal of failures.