Tag Archives: Accuracy

Open Mind: A Cure for Cognitive Bias

By Lou Quinto
Executive Coach and Speaker

Fake News…. Alternative Facts….

These are two terms that we hear too much of in the news these days, and they are invading our team and project meetings.

I don’t intend to get into a political debate. What I do want to highlight is the phenomenon of cognitive bias that causes us to rely only on that information which is not in conflict with what we already believe to be true and how it is detrimental to sound critical thinking. Every critical thinking process you can employ adheres to the old adage; “Garbage in, garbage out.” Thereforeif you only use information with which you believe to be true or agree, chances are you will fail in solving your problems correctly, creating solid strategic plans or making accurate decisions.

Cognitive bias occurs because of several reasons:

  • You take mental shortcuts when solving problems or making decisions to save time.
  • Too much information is available, and you gravitate to only that information with which you are most familiar or you believe to be true.
  • You are motivated by emotional or moral reasons.
  • You yearn to be “in-sync” with your associates or friends – Peer pressure or Groupthink.

There are 120 types of cognitive biases that we all experience when assessing situations, solving problems, generating solutions, and making decisions. It’s a regular smorgasbord! Without having to spend years in therapy to break through these biases there is one easy solution we can all practice which will help us steer clear of cognitive biases – having an open mind. An open mind will permit you to look at information that may be in conflict with your experiences and what you understand to be true. Ultimately, an open mind leads to more accurate decisions, plans, and solutions.

Here are ten suggestions you should consider acting on to keep that door to your mind open on a regular basis:

  • Listen More Than You Talk!

When you talk, you reinforce what you already know and believe. When you listen, you hear information that may be different from what you know and believe.

  • Think Positive, Before Negative

Our brains are prewired to protect us. When someone brings up a new idea our brains have an “Automatic Negative Thoughts” trigger. Our first reaction is to give a dozen reasons why the idea is bad or why it won’t work. Force your brain to start thinking about the positives. Think how an idea will work, or what the benefits of that idea could be.

  • Never Say Never, Never Say Always

This mindset keeps your thoughts and beliefs static. The world around us is moving fast. Things DO change. Your thinking and thoughts must also change in order to stay up-to-date. By saying NEVER and ALWAYS you do not allow your thinking to evolve.

  • Avoid Making Snap Decisions

When you make snap decisions it’s usually because of overrated intuition– your gut. That means you do not think through decisions by using established criteria and facts. The more you do this, the more comfortable you feel making decisions “on the fly” which keeps your mind closed.

  • Respect Others’ Point of View

By respecting other people’s points of view, it prevents your brain from being immediately defensive about views, opinions, or feeling that are different than yours. This invites people to express their points of views more often. You will find It increases collaboration and teamwork!

  • Look for New Opportunities

Thomas Edison was quoted as saying, “There is a better way to do it, I have to find it.” Be like Edison and look for new opportunities to be more productive and more efficient. This mindset will help keep your mind’s door wide open.

  • Expand Your Network

We surround ourselves with people who tend to think like we do. They are your comfort zone and provide you a “safe place.” Expand your business network. Add new people to your circle of friends. These people will provide a diversity to your views and what you think.

  • Make Failure an Option

When thinking through new ideas, or different ways to do things, make failure an option in your mind. We naturally avoid failure at all costs so we will make judgments sometimes because of uncertainty or lack of knowledge. When you let yourself consider failure as an option you will not be quick to dismiss those ideas that appear on the surface as unsafe.

  • Get Away from Your Screens

This is the most difficult of all of the suggestions. We are addicted to our screens – computer screens, cell phone screens, TV screens, tablets, and even touch screens on our car’s dashboard. Make an effort to go on a technology diet. Each day, make a conscious decision to detach yourself from all screens for a period of time – one or two hours, initially. When you get on your screens you gravitate to information with which we agree – Facebook pages, Twitter or Instagram accounts, or texts to and from our friends. It confirms our beliefs. It makes us feel “safe.” Turn them off. Walk the dog. Go for a run or a bike ride. Better yet, sit down and talk with your family, friends, and neighbors.

__________________________________

Lou Quinto has been working with companies and their associates internationally for over the past 25 years primarily in the area of critical thinking and communication skills. He is a Master Coach and Keynote Speaker for Action Management Associates in Plano, TX and a Senior Consultant on the Leadership and Organizational Effectiveness team for Executive Development Associates in Oklahoma City, OK. You can read more of his insights on this blog, Metacognition or you can contact him at louquinto@gmail.com. Originally from New Jersey, today Lou resides in Indianapolis, IN.

Leave a comment

Filed under Critical Thinking Tools, Problem Solving, Strategic Thinking

When Decision Making Bogs Down

In the past week clients from two very large companies asked me how to address painfully slow decision making that is occurring in their organization. In fact, one was an oil & gas industry giant whose employee surveys from the last 5 years have listed slow decisions as the #1 employee complaint. There are two issues that drive the speed of a decision: The desire for accuracy and the allowance for risk.

Accuracy (making the best decision)
There is a correlation between speed and accuracy (correctness) of a decision. While there are exceptions to the rule, experience has taught us that decisions made quickly don’t work out as well as decisions made after taking our time to evaluate options thoroughly. If you have an inefficient or non-existent process to ensure the accuracy of a decision, the speed of the decision will suffer. This is the problem that the aforementioned oil & gas organization is experiencing.

Allowance for Risk
Likewise, there is a correlation between the allowance for risk and our desire for accuracy in a decision. The less risk that we perceive is allowed, the more time we will take to ensure our decision is as accurate as possible and the speed of the decision diminishes. The organizational issues that drive an individual’s perception of allowable risk will ultimately affect the speed of the decisions. Specifically, the risk-averse culture that one of our clients noted has likewise resulted in very slow decisions in critical areas.

To address the speed of decisions in your organization, you must first understand whether the allowance of risk or the efficiency of the process is driving the slow decisions because the treatment is very different.

“In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” – Theodore Roosevelt
_____________
Action Management and Associates

Leave a comment

Filed under Decision Making