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548: Avoiding Snap Decisions: Overcoming Recency Bias
Manage episode 453148784 series 3558992
Pet Sitter Confessional, LLC and Pet Sitter Confessional에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Pet Sitter Confessional, LLC and Pet Sitter Confessional 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
How do you avoid letting the present overshadow the past and future in your business? In this episode, we dive into the concept of recency bias and its impact on decision-making. We discuss how relying solely on recent experiences can lead to emotional exhaustion, poor decisions, and skewed priorities. By balancing intuition with data, setting clear boundaries, and reviewing long-term trends, you can make more informed choices for your business. Overcoming recency bias is essential for building a thoughtful, sustainable, and successful business.
Main topics:
Impact of Recency Bias
Balancing Gut and Data
Emotional Exhaustion and Decision-Making
Consistency in Client Feedback
Long-Term vs. Short-Term Goals
Main takeaway: Recency bias keeps us focused on the present, but it can cloud our ability to make informed, long-term decisions.
Recency bias keeps us focused on the present, making it easy to give more weight to what's happening right now than the bigger picture. While staying in the moment is important, it can cloud our ability to make informed, long-term decisions for our business. Have you ever made a choice based on a recent bad experience, only to realize later that it didn’t align with your goals? The key is to balance gut instincts with historical data and trends. Take a step back, review your year as a whole, and ensure your decisions are grounded in both context and strategy.
Links:
https://journals.plos.org/ploscompbiol/article?id=10.1371%2Fjournal.pcbi.1009517
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Full show notes and transcript
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