Tag: “Decision Making”

The referee gives a penalty kick in a soccer match. The ball will take a split second to reach the goal from the moment of the striker’s kick, so the goalie cannot wait to see the ball’s trajectory to decide to which side he should jump. The decision should be taken beforehand. The odd thing is that the goalkeeper will decide, in most cases, to jump to the right side or to the left side, when the optimal strategy according to statistics is the third option: standing in the middle. Why won’t he stand still? Just because doing nothing is always somewhat embarrassing, even if it is the right thing to do.

Confirmation bias is a cognitive bias that makes us give much credit to the information that confirms our beliefs, while making us ignore the information that challenges our expectations. In other words, people tend to favorably filter information that confirms their preconceptions or hypotheses regardless of the veracity or falsehood of that information.

There are times when a project is choking you. It happens. If it comes to a professional project, normally you do everything possible to continue and make it come to fruition, either not to lose a business opportunity, or your job.

A very important issue in any company is deciding when to invest in improving existing products and services and when to invest in researching new possibilities ¹. How many companies have been ruined by blindly following the products that led them to success, not caring to investigate new concepts, technologies and trends?

Definitely one of the most important changes that have occurred in my life these past few years is having become really aware of how important it is to know when to say no. This is a keystone habit that can trigger the development of other habits and cause major changes in your life. It has helped me to become not just more efficient and productive in what I do, but also to do more of the things I enjoy and less of the things I don’t.