Decisions, Decisions! What Works to Improve Decision-Making?

The quality of the judgements and decisions we make all day, every day has a huge impact on the outcomes we achieve both personally and professionally. And, despite substantial knowledge and experience, we make errors in judgements and choices that are systematic and recur predictably in particular circumstances. These errors are known as cognitive biases, intuitive preferences that violate the rules of rational choice and lead us to make decisions that aren’t necessarily in our best interest. Daniel Kahneman and Amos Tversky studied judgements and decision making for many years, publishing two landmark papers, “Judgement Under Uncertainty: Heuristics and Biases” and “Prospect Theory: An Analysis of Decision Under Risk,” a theory of choice that ultimately became one of the foundations of behavioral economics and earned Kahneman the Nobel Prize in 2002.

Understanding the way we think and the influence our cognitive biases and intuitive preferences have on our decision-making can help us develop strategies for better decision-making. Knowing when it’s necessary to take extra measures to avoid our most common mental shortcuts or when our decision-making capabilities are under stress and need extra help can make a big difference in how we make choices and the results we get.

Please join us on June 26th for the June Women’s Leadership Roundtable to share your experiences and explore strategies for minimizing cognitive biases and improving our decision-making capabilities.

Please note: This is a “brown bag” event, and it is recommended that participants bring their lunch to eat during the roundtable. We’ll also have beverages and snacks to share. The Women’s Leadership Roundtable is a facilitated open forum for women, as leaders of themselves and others, to discuss relevant issues, build community and network, collaborate with, learn from, and support one another. It provides an opportunity for women to share their experiences, engage in thought-provoking discussion, and to generate ideas and growth together. The roundtable is an ongoing event, open to the public, held on the 3rd Friday of the month from January through October in a Denver area location. You are encouraged to attend as frequently as possible and bring your ideas, issues, and interests to the discussion. There is a $10 charge for the roundtable, paid in advance when registering online, and a $12 charge when paid at the door. A discounted rate is available for those wishing to register for an entire year of roundtables. For additional information contact Karen McGee at 303 503-9681.


Leave a Reply

Your email address will not be published. Required fields are marked *