--Unique Situations inherently risky, approach cautiously, initiators to poor decisions --Data Deficit inadequate data makes it mandatory to obtain additional data --Data Difficulty overcoming the expense, inconvenience, or difficulty of obtaining the required data
--Emotional Denial shifts our decisions towards the easier, more comfortable decisions --Probability vs Gambling consider the full extent of the gamble component --Reinforcement gambling and winning reinforces taking additional risks --Group Dynamics tendency to dilute and diffuse group decision responsibility --Relativity right vs. wrong decisions relative to time --Endgame achieve your goal with minimal risk
Mindset
--We All Have the Potential to Make Bad Decisions no one is immune
--Philosophy of Yes "How can I" vs. "I can't because" --Compensate for Being Humanfatigue, personal problems, money, health issues, family crisis, etc
--Admit when you are wrong
--Know when to off-load
Think into Time
--Think Into the Future exploring the various possible outcomes into the future
--Think Into the Past learning from the similar situations in the past
--Know where you are on the "curve" of time timing is everything
--We Make Rules to Remind us of the Past
--Time Dulls Our Collective Memory
Patterns
--"Experts" see patterns that the rest of us miss
--Pattern Recognition is hardwired to save us time time saving vs. accuracy dilemma
--Pattern thinking influences our decisions stereotyping our decision process
--Hang out in the fringe challenge you normal patterns
--Intuition and Experience subtle pattern recognition
Fatal Distractions
--Don't be distracted by what you know look for what you know you don't know --Beware of the comfort zoneknowing feels good, while we avoid the discomfort of not knowing
--Everyone Eventually Dies of Real Disease be careful questioning the honesty or motives of others