emotions, intuition and decision making training
Decision making training is not something that can be done properly in one day. Firstly, broadly speaking, you are an excellent decision maker. You’re alive and successful. Congratulations! The question is can you be better?
Throughout this site, I have made reference to the flaws in our decision making apparatus. This is largely because the machinery that we were using to make decisions a million years ago, as we were evolving into the Homo sapiens of present day, doesn’t always serve us perfectly in the twenty first century.
Let me illustrate this with an example. You’ll probably share with most of the population of the western world right now a greater fear of child abduction than our parents clearly felt when we were allowed out to play in the ’60s ’70s and ’80s. Yet all the figures show a remarkably constant figure for his horrific crime over the years.
So what accounts for your additional fear? Because your experience of it now when it happens (on the internet and 24 hour rolling news) is so much greater and therefore so is your fear. This link between experience and judgement is a crucial part of our decision making machinery… but now it leaves us making poor decisions as a result. What can we do about this?
The key is to understand when our emotions and intuitions are leading us in a positive way and when we need to override our subconscious and gut level thinking with rational analysis. This is the conundrum that I touch on in my speech on judgement and intuition but which I explore in a lot more detail in this decision making training.
Similar in intention to, though more contained in scope than, the main seminar on risk-taking and decision making, this decision making training focuses on behavioural economics and the subject of judgement. It asks how judgement can be improved and how behavioural biases can be eliminated from what we do, with the aim of better decision making as a result.
It addresses the thorny question of when to use gut-level decision making methods and when to analyse, cogitate and consult. Suitable for: any management or senior team who have to make decisions and want to understand exactly HOW they do it and how they can do it better. Decision making training improves decision making by eliminating emotional biases and actually improving intuitive judgements.