Decision-Making Toolkit: Avoiding Faulty Decisions

Welcome to the “Decision-Making Toolkit: Avoiding Faulty Decisions” video lesson created to help you overcome common decision-making pitfalls. This lesson is part of the Decision-Making Toolkit intended to help you make strong choices you can be confident in. In this lesson, you’ll learn about biases and fallacies that tend to skew a decisionmaker’s thinking and explore ways to prevent them from negatively influencing your decision-making. Ultimately, after viewing this lesson, you should have the self-awareness needed to neutralize biases and make fair and objective decisions. (Keywords: overconfidence, confirmation, anchoring, framing, gambler’s fallacy, escalation of commitment, sunken cost)