Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion. That's the key take-away message of this episode of the Wise Decision Maker Guide, which describes how to avoid losing. This article forms the basis for this episode: https://disasteravoidanceexperts.com/how-to-avoid-losing-via-loss-aversion/Make sure to register for the FREE Wise...
Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion. That's the key take-away message of this episode of the Wise Decision Maker Guide, which describes how to avoid losing.
This article forms the basis for this episode: https://disasteravoidanceexperts.com/how-to-avoid-losing-via-loss-aversion/
Make sure to register for the FREE Wise Decision Maker Course and get a FREE copy of the "Assessment on Dangerous Judgment Errors in the Workplace" as part of the first course module https://disasteravoidanceexperts.com/subscribe/
Get the book that describes in much more depth how successful leaders avoid dangerous judgment errors and make the wisest and most profitable decisions. "Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters" https://disasteravoidanceexperts.com/nevergut
Other articles relevant to this episode:
Decision Maker Movement Manifesto
https://disasteravoidanceexperts.com/wise-decision-maker-movement-manifesto/
How to Evaluate Unconscious Bias Caused by Cognitive Biases at Work
https://disasteravoidanceexperts.com/how-to-evaluate-unconscious-bias-caused-by-cognitive-biases-at-work/
8 Key Steps for Effective Leadership Decision Making to Avoid Decision Disasters
https://disasteravoidanceexperts.com/8-key-steps-for-effective-leadership-decision-making-to-avoid-decision-disasters/
8-Step Leadership Decision-Making Process for Making the Best Decisions
https://disasteravoidanceexperts.com/8-step-leadership-decision-making-process-for-making-the-best-decisions/
8 Key Steps to Prevent Failure in Implementing Decisions or in Managing Projects and Processes
https://disasteravoidanceexperts.com/8-key-steps-to-prevent-failure-in-implementing-decisions-or-in-managing-projects-and-processes/
How to Make Decisions Quickly
https://disasteravoidanceexperts.com/how-to-make-decisions-quickly/
10 Steps for Strategic Planning to Defend Your Future
https://disasteravoidanceexperts.com/10-steps-for-strategic-planning-to-defend-your-future/
12 Mental Skills to Defeat Cognitive Biases
https://disasteravoidanceexperts.com/12-mental-skills-to-defeat-cognitive-biases/
The Wise Decision Maker Show is produced by Disaster Avoidance Experts and Dr. Gleb Tsipursky
https://disasteravoidanceexperts.com/wdmg/
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