Outcome Bias is a common trap we all fall into, when we judge a decision based on the results, instead of looking at the process itself. This impacts learning, leadership, and decision making more than we realize. Annie Duke and Övül Sezer show us how to change that.
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OUTCOME BIAS
Outcome bias can trick us into taking incorrect lessons from past events, just because they had favorable or unfavorable outcomes. This interferes with the learning process, making it hard for us to learn from our experiences and mistakes effectively.
Outcome bias also impacts how we judge our decisions, adjust future strategies, and evaluate others.
Övül Sezer and Annie Duke join the show to help us understand what the outcome bias is, how it effects our capacity to grow, and how we can work to minimize it.
This is a great episode for both individual learning & leadership.
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Annie Duke
Övül Sezer
Main Topics:
Reflection
Individual Development
Leadership
Decision Making
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Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie is the co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education. She is a member of the National Board of After-School All-Stars and the Board of Directors of the Franklin Institute and serves on the board of the Renew Democracy Initiative.
Övül Sezer is an Assistant Professor of Management and Organizations at Cornell University. Her research has been featured in top management and psychology journals including the Journal of Personality and Social Psychology, Organizational Behavior and Human Decision Processes, Harvard Business Review and covered in leading media outlets including New York Times, Wall Street Journal and The Washington Post.
