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3 ways to improve your decision-making

from Harvard Business Review

To make a good decision, you need to have a sense of two things: how different choices change the likelihood of different outcomes and how desirable each of those outcomes is. In other words, as Ajay Agrawal, Joshua Gans and Avi Goldfarb have written, decision-making requires both prediction and judgment. But how do you get better at either? Nobel-prize-winning psychologist Daniel Kahneman has said that overconfidence is the bias he’d eliminate first if he had a magic wand. more

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