Philip Meissner, Olivier Sibony, Torsten Wulf

Debiasing techniques […] aim to limit the effects of overconfidence by forcing the decision maker to consider downside risks that may have been overlooked or underestimated. And they can mitigate the dangers of confirmation bias by encouraging executives to consider different points of view.

Examples of such techniques include either the systematic use of a devil’s advocate or a “premortem” (individuals project themselves into a future … [ Read more ]

Are You Ready to Decide?

Before doing so, executives should ask themselves two sets of questions.