A Silent Cause of Bad Business Decisions

Materials

Blog post by Dave Baily
Wikipedia article about confirmation bias

Keywords

gut feeling (noun phrase)
justification (noun)
pan out (regular verb)
tell-tail sign of [s/th], (noun phrase)
deductive reasoning (noun phrase)
pro-active (adj.)
lead [s/b] astray (-led, -led)

Main Activity

Read the blog post to discuss the questions below:

  1. What is the difference between inductive reasoning and strategic reasoning?
  2. How can we protect ourselves from making decisions based on defective reasoning?
  3. How can these ideas be applied within a company? What about within a family?