Harvard Business Review on Making Smart Decisions

Because the resulting distortion poses few dangers for most of us, we can safely ignore it. For

Stop Making Plans; Start Making Decisions

Because the resulting distortion poses few dangers for most of us, we can safely ignore it.

The confirming-evidence bias

look at the quality of their decision making (taking into account what was known at the time their decisions were made), not just the quality of the outcomes.

When you find yourself in a hole, the best thing you can do is stop digging.

even smart choices can have bad consequences,

By acknowledging that some good ideas will end in failure, executives will encourage people to cut their losses rather than let them mount.

If the penalties for making a decision that leads to an unfavorable outcome are overly severe,

The bank finally solved the problem by instituting a policy requiring that a loan be immediately reassigned to another banker as soon as any problem arose.