Personal Assessment on Decision Making
Psychological biases often distort people’s judgment and clear thinking, propelling individuals to make decisions unreasonably. Cognitive biases make us think that our convictions are objective, sensible, and unbiased even when they are not. Ordinarily, cognitive biases heighten our mental power by helping us make quick decisions or choices without any calculated consideration. Despite the challenges posed by psychological biases, it is possible to overcome them through different strategic methods.
A bias that I tend to fall into most often is confirmation bias. This prejudice, which entails favoring information or data that affirms one’s existing beliefs and notions, tends to be a huge challenge to me whenever I am making decisions. Regardless of the type of decision involved, I always find myself interpreting facts and information connected to the decision in a way that supports my initial idea. The result of this self-deception that emanates from selective use of facts is biased and poor decisions that have adverse implications.
At the beginning of this year, a new brand launched a new phone in the market. The phone was marketed and advertised as the best in the market with numerous features, fast speeds, and ample storage space. Interested in purchasing the phone, I researched the phone and looked up its reviews. In my research, I found information that confirmed that the phone was indeed as good as marketed. However, I encountered several negative reviews that I did not pay much attention to. I conducted further research on the benefits of the phone, and through this research, I became convinced that the phone was worth buying in spite of its high price. I went ahead and purchased the phone which appeared perfect to me. In the first three months, the phone worked well, and I enjoyed its unique features and its great speed. However, in the fourth month, the phone’s speed started slowing down, and some of its features stopped working. In six months, the phone had stopped functioning and was no longer the classic phone I had bought. Highly disappointed, I researched the drawbacks of the phone and found numerous reviews on the phone’s limited durability.
To avoid falling into confirmation bias in the future, I will employ various methods and strategies that can enable me to improve my decision-making. The first strategy I will utilize involves searching for information and facts that disaffirms my ideas or beliefs (Judge & Robbins, 2017). Instead of concentrating on information that only supports my beliefs, I will strive to look for additional information from different sources to obtain multiple perspectives. I will also discuss my ideas and beliefs with others and attentively listen and consider opposing views before making any decision (MindTools, 2019). The second method entails heightening my options. Rather than centering on one option, I will increase my alternatives to make sure that my final decision is well-informed and appropriate for handling the situation. The third approach involves focusing on goals. To avoid negative effects, I will set up clear objectives and focus on them while making decisions. Establishing clear and concise goals will help me to remain rational and eradicate irrelevant information and options (Judge & Robbins, 2017). The final step is breaking the association with confirmation bias. To break the link with confirmation bias, I will attempt to engage with people that have a different opinion from mine. This will assist me in eliminating biased notions and intuitions, thus, resulting in enhanced decision-making (Kaul, 2017).
Judge, T. A., & Robbins, S. P. (2017). Essentials of organizational behavior. Pearson Education (us).
Kaul, S. (2017, Nov 30). Biases, Errors in decision making and simple 2-steps to fix it! Medium. Retrieved from https://productcoalition.com/biases-errors-in-decision-making-and-simple-2-steps-to-fix-it-8db806e6863f?gi=c749f80c5342
MindTools (2019). Avoiding Psychological Bias in Decision Making. How to Make an Objective Decision. MindTools. Retrieved from https://www.mindtools.com/pages/article/avoiding-psychological-bias.htm
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