Critical Thinking for Financial Professionals

Overview

What were they thinking? Why do business leaders sometimes make horrible decisions that severely damage themselves and their organizations? It is tempting to assume that poor choices must be due to someone’s incompetence, inexperience, bad character, or low intelligence. Yet, when we make a mistake ourselves, we someone rationalize it as a choice other people would make under the same circumstances. This session will discuss the common decision-making errors people make and to help you avoid making these blunders yourself. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

Two Systems of Thinking

• System 1
• System 2

How cognitive bias can cause you to make bad decisions

• Anchoring
• Availability
• The Dunning-Kruger Effect
• The Ikea Effect
• The Rhyme as Reason Effect
• Substitution

6 Tips for making better decisions

Prerequisites

Some background in logical thinking is helpful

Designed For

All professionals at every level

Objectives

Gain insights that will help you, and your management team make better decisions.

Preparation

None