The Daily Decision 05: Decision Making: A Blend of Approaches
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The Daily Decision 04: Decision Making Styles
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Wednesday Wisdoms 12
We swim in technology so it's hard to capture molecules. ~ Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
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Wednesday Wisdoms 13
If we always share the glitter, we never see the ball behind it. ~ Dr. Z Podcasts
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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Wednesday Wisdoms 14
Patience is an unavoidably developed skill in life. ~ Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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Wednesday Wisdoms 11
Love is a choice as much as it is an initial feeling. ~Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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The Daily Decision-15-Conjunction fallacy ... when is 2 less than 1?
The Daily Decision-15-Conjunction fallacy
Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision
because you want to make better decisions.
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Today is the FIFTEENTH episode of The Daily Decision
Linda is 31 years old, single, outspoken, and very bright. When she was in college, she majored in philosophy. As a student, she was deeply concerned with issues of discrimination and social justice, and also participated in progressive demonstrations.
Which is more probable now?
Linda is a bank teller.
Linda is a bank teller and is active in the feminist movement.
Most people say B, but the correct answer is A
Why?
This is an example of the conjunction fallacy in decision making and the Linda example is from Kahneman and Tversky 1982.
That is when we hear two things, we automatically add them. After all, 2 is greater than 1 but in probabilities 2 is less than 1.
In Linda’s case, we can assign a 5% probability to Linda being a bank teller and 95% probability of Linda being active in the feminist movement.
When we multiple .05 * .95, we get .0475 which is less than 5%.
When you’re confronted with a decision with multiple parts. Isolate them before considering their connections.
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Subscribe to Dr. Z Podcasts to follow other programs such as the People Behind the PhDs, Organ Oracles, and Leaders on the Line. All podcasts are based on my upcoming book. The 6A’s a practical philosophy for living life with meaning and purpose.
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The Daily Decision-11-Shortcuts, Heuristics
The Daily Decision-11-Shortcuts, Heuristics
Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision
because you want to make better decisions.
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Today is the ELEVENTH episode of The Daily Decision
In the last episode, we talked about biases and that knowing about them helps us recognize blind spots, avoid traps, and make better decisions.
Today the topic is “heuristics.”
What’s that?
Heuristics are mental shortcuts to make decisions. They may work much of the time, but they don’t work all of the time.
Heuristics comes from ancient Greek which means “to find” or to “discover.”
A rule of thumb or educated guess are examples of using a heuristic to make a quick decision that has the practical effect of solving a problem quickly but may not solve a problem for a longer duration.
An example rule of thumb is that 20% of the input creates 80% of the result.
While this observation may be useful, over relying on this heuristic can limit your best decisions.
What heuristics do you use in your own life? How far do they take you?
--
Subscribe to Dr. Z Podcasts to follow other programs such as the People Behind the PhDs, Organ Oracles, and Leaders on the Line. All podcasts are based on my upcoming book. The 6A’s a practical philosophy for living life with meaning and purpose.
Follow me at DR-Z.net, iTunes, and Facebook at DRZPodcasts.
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Wednesday Wisdoms 07
Loopholes are the connection between the ideal and the live-able. ~ Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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The Daily Decision-12-Confirmation Bias
The Daily Decision-12-Confirmation Bias
Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision
because you want to make better decisions.
M4A
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Today is the TWELEVTH episode of The Daily Decision
In the TENTH episode, we began discussing biases that can be divided into 3 types:
decision making biases, social biases, and memory biases
Today we will talk about the “Mother of All Biases.”
Confirmation Bias.
Simply put, Confirmation Bias is the tendency to look, find, and interpret information that confirms an already held belief.
It is the mother of all biases because of its circular nature. It hides inside the starting point of our decisions.
For example, if you believe that left-handed people are more creative than right-handed people, then every time you meet a left-handed person you will unconsciously look for “evidence” to support your existing belief.
In other words, people see what they want to see.
You can use confirmation biases in positive and negative ways. You can look at your students as brilliant or see your employees as underperforming. In both cases, your brain will seek out evidence to support your belief.
Always be woke when it comes to confirmation biases.
--
Subscribe to Dr. Z Podcasts to follow other programs such as the People Behind the PhDs, Organ Oracles, and Leaders on the Line. All podcasts are based on my upcoming book. The 6A’s a practical philosophy for living life with meaning and purpose.
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Wednesday Wisdoms 08
Being positive is the only practical way to live ... S. Brooks
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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Wednesday Wisdoms 09
If one takes it to heart, the glass will always be half full, rather than empty. ~ Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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The Daily Decision-13-Anchoring bias
The Daily Decision-13-Anchoring bias
Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision
because you want to make better decisions.
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Today is the THIRTEENTH episode of The Daily Decision
Think of a boat and an anchor. A boat docks close the shore and drops its anchor so it cannot be blown away by the wind.
A psychological anchor is similar. When we believe a piece of information, it is hard to have winds blow us away from that position.
An anchoring bias occurs when we rely too much on one piece of information, usually the first piece of information presented.
In one famous study by Amos Tversky and Daniel Kahneman in 1974, people were asked to estimate how many African countries were part of the United Nations.
There are currently 193.
When presented with the number 10, the guesses were lower. Participants estimated that African countries represented 25% of all UN countries.
When presented with the number 65, the guesses were higher. Participants estimated that African countries represented 45% of all UN countries.
Think about your own anchors while making a big purchase, say a car or home.
Be aware of how the first number you hear can anchor your decisions, but not always in your favor.
--
Subscribe to Dr. Z Podcasts to follow other programs such as the People Behind the PhDs, Organ Oracles, and Leaders on the Line. All podcasts are based on my upcoming book.
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Wednesday Wisdoms 10
You can't run a human business like you run a machine business ~ Leora Scott
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Read the full article
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The Daily Decision-14-Availability bias
The Daily Decision-14-Availability bias
Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision
because you want to make better decisions.
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Today is the FOURTEETH episode of The Daily Decision
Cars or planes? Roofers or Border Patrol agents? Cows or Sharks?
Of these pairs which one is more deadly?
Most people would say flying is more dangerous than driving, being a Border Patrol agent is more dangerous than being a roofer, and sharks are more deadly than cows.
In each case, those answers are incorrect and point out The Availability Bias.
Which is the tendency to overestimate the likelihood of events with greater "availability" in memory
If a memory is recent, unusual, or emotional, it is likely to be more available and more usable to make decisions
Available doesn’t mean accurate however so the next time you hear of a major event on the news, pause to avoid falling into the availability bias trap.
Ask yourself, just because it’s easier to remember something, does it make it more true?
--
Subscribe to Dr. Z Podcasts to follow other programs such as the People Behind the PhDs, Organ Oracles, and Leaders on the Line. All podcasts are based on my upcoming book. The 6A’s a practical philosophy for living life with meaning and purpose.
Follow me at DR-Z.net, iTunes, and Facebook at DRZPodcasts.
If you have an idea for a podcast, contact me and maybe we can find a way to create your own podcast produced by me, Dr.
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Wednesday Wisdoms 05
The butterfly turns. ~ Dr. Z
About Dr. Z Podcasts
My name is Zachary Brooks, the "Z" behind "Dr. Z." Enjoy the content and please send me questions and comments. *I earned a doctorate in Second Language Acquisition with concentrations in cognitive science and management from the University of Arizona.
Dr. Z Zachary S Brooks
The mission of Dr. Z Podcasts is to find, record, and share stories about humans engaged in one of the 6As* of life. *Book to be published in 2020
Dr. Z Podcasts Newsletter Signup!
Other Dr. Z Programs
Bilingual Decision Making -- In the Bilingual Decision Making podcasts, Dr. Z returns to his dissertation topic to explore and share research on how one’s language and culture affect decision making.
People Behind the PhDs -- Science is driven by people which is why in People Behind the PhDs, Dr. Z interviews the people who have PhDs, their journey to earning PhDs, and their scientific and social research.
World Transplant Athletes -- You’re the expert. Share your story and tips. You’ve had an organ transplant. You do sports. You’re an expert in transplants and sports. World Transplant Athletes offers blogs, podcasts, and someday soon videos to give transplant athletes tips on how to train. World Transplant Athletes ... by and for transplant athletes.
Daily Decision -- In The Daily Decision, Dr. Z delivers you a one-minute podcast on one decision making topic because you want to make better decisions.
Win or Learn -- Not accomplishing goals is a big part of life which creates opportunities for learning. In Win or Learn, we interview the people given an opportunity to learn after not achieving a goal.
About-ish -- Since I’m doing a podcast, I might as well make an “about” section with a Podcast.I call it “About-ish” which is about me, more or less.
Human Algorithm -- Humans have it within them to change their own lives and lives of millions of others. Doubt it? Think of every advance in human history and you will realize the power of human algorithms.
Leaders on the Line -- In Leaders on the Line, we explore technical problems and adaptive challenges various leaders face in business and politics. Every show has a theme such as “success,” “team,” or “strategy” in which Dr. Z and a guest do a deep dive into case studies to uncover gold.
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