It's raining this morning. Good for the land and our lives.

Decision Making - Choices

Podcast on Decision Making

I've been listening to a podcast from Charles Schwab, " Choiceology ", that deals with making choices. While Schwab is focused on financials, the podcast goes down to the fundamentals of behaviors to uncover why we act the way we do in our investments.

Overconfidence

• Over-estimation - You think you're better than you are.
• Over-placement - You're better than others
• Over-precision - You're too sure you know the truth

Correcting Self-Bias

Techniques for correcting self-bias, overconfidence.

Ask someone else, someone who will be honest. The road to self-insight runs through other people.

Consider the opposite - ask yourself why you might be wrong.

Photo of the Day

Luann's Daffodils at the corner of Stevenson and Customs - Click to enlarge.