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Jump to navigation. How do you make big decisions? Do you list the pros and cons? Go with your gut instincts? Ask your friends and family for their advice? Do you even know how you go about making decisions? Career change is a series of tough decisions. And not only are they tough decisions to make, their potential consequences affect every corner of our lives.
So when a book popped up on my radar that offered a simple, sound process for making better decisions, I figured it was probably worth checking out. Brothers Dan and Chip Heath believe that when it comes to decision-making, humanity has a pretty shocking track record:.
Young people start relationships with people who are bad for them. Confirmation bias developing a quick, subconscious belief about something and then automatically seeking out information that supports that belief 3. Short-term emotion a loss of objectivity due to fear, elation, or agonising. Overconfidence thinking we know more than we really do about how the future will unfold.
Worst of all, they often get in the way without us even knowing about them, which leaves us scratching our heads in puzzlement when things don't work out well. The book is split into easily-digestible chapters, peppered with brilliant examples and some hilarious moments of self-recognition. At the end of the book they provide examples of decisions you might have to make, and take you through the process to show how it can be used in a variety of different scenarios.
I loved every second of this read, and will be coming back to it again and again. View the discussion thread. Book Reviews. What tough decisions are you facing right now in your career change? How are you going to make them? Natasha tell us what she thought of of the book hint: she loved it and shares the key lessons she learned from it.
And boy, was I right. And is there a method for doing it well? Short-term emotion a loss of objectivity due to fear, elation, or agonising 4. Attain distance before deciding: Avoid getting lost in short-term emotional attachment.
How will you feel about this decision in 10 minutes from now? How about 10 months? How about 10 years?
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He wanted every performance to be perfect, and the framework he used to accomplish that goal provides a decision-making process that is applicable to financial advisors.
The book is extremely well researched and well written, providing useful and entertaining examples with workshop-style exercises to help readers improve their decision-making. Like a low-fuel warning in a car, a tripwire snaps us out of autopilot, grabbing our attention at exactly the right moment to reconsider a decision or to make a new one. Kahneman describes the ease with which we draw conclusions:. The normal state of your mind is that you have intuitive feelings and opinions about almost everything that comes your way.
You like or dislike people long before you know much about them; you trust or distrust strangers without knowing why; you feel that an enterprise is bound to succeed without analyzing it. The positive aspect of intuition is that it allows us to quickly process information and make decisions. The negative aspect of our automatic intuition is that we jump to conclusions. They argue that our decisions are not as good as they could be. Their research shows that there is a villain that afflicts each of these stages:.
The Heath brothers present a thoughtful process for overcoming those villains of poor decision-making. Applying their process slows down our intuition, causing us to second-guess and make better decisions.
They offer their so-called WRAP process as a prescription to counter the negative aspects of intuitive decision-making:. Narrow framing is the tendency to define our choices too closely — to see them in binary terms. It can be avoided by widening the available options. Should I retire or not retire? Should I invest or not invest? These limited options can be widened by delving deeper to flesh out additional options.
What else could a client do with the same time and money? Confirmation bias is looking for information to support what we already believe. The authors suggest nixing the interview and offering a short-term consulting contract before hiring someone full-time. Short-term emotions cloud the ability to see the long term. Advisors are required to make decisions for clients that will have impacts decades in the future, yet emotions are front-loaded for today rather than over a distant timeframe.
Advisors already equalize this, by helping clients balance the now against the future. The authors provide a very entertaining description of a tripwire. The idea sounds like a Hollywood prima donna stunt, but the Heath brothers contend it was intended to better manage risk when setting up for concerts in different cities with different crews.
Chances would then be higher that some other requirement of the stage preparation was incorrect as well. Annual rebalancing of a portfolio is a tripwire to help advisors maintain asset allocations. Another example of a tripwire is getting a client to agree that if they have not achieved a defined goal for their portfolio within a time period, they will make adjustments.
Tripwires help us make decisions by getting us off autopilot. Tripwires allow advisors to revisit decisions in an uncertain world where they cannot predict the future.
The right process can steer us toward the right choice. And the right choice, at the right moment, can make all the difference. Advisors are decision counselors. They help clients with some of the biggest decisions of their lives.
The decisions an advisor must make to guide clients through ever-changing and uncertain market conditions are complicated, to say the least. The tools provided in Decisive will help advisors make better decisions for their clients while helping their clients make better decisions for themselves.
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Sep 29, · This is a short review of the book Decisive: How to Make Better Choices in Life and Work by Chip Heath, Dan Heath Thanks for watching like and subscribe! Find many great new & used options and get the best deals for Decisive: How to Make Better Choices in Life and Work by Dan Heath and Chip Heath (, Compact Disc, Unabridged edition) at the best online prices at eBay! Free shipping for many products! Mar 26, · Decisive is the Heath brothers’ most powerful—and important—book yet, offering fresh strategies and practical tools enabling us to make better choices. Because the right decision, at the right moment, can make all the ayr.calcionotizie24.nets: