4 Villains of Decision Making

Question 1

4 Villains

Answer 1

Narrow framing
Confirmation Bias
Short-term Emotion
Overconfidence

Question 2

Narrow Framing

Answer 2

You encounter a choice. But narrow framing makes you miss options.

Question 3

Confirmation Bias

Answer 3

You analyze your options. But the confirmation bias leads you to gather self-serving information.

Question 4

Short-term Emotion

Answer 4

You make a choice. But short-term emotion will often tempt you to make the wrong one.

Question 5

Overconfidence

Answer 5

Then you live with it. But you’ll often be overconfident about how the future will unfold.

Question 6

What’s the acronym?

Answer 6

WRAP

Question 7

WRAP

Answer 7

Widen your options
Reality-test your assumptions
Attain distance before deciding
Prepare to be wrong