Griesson
@griesson
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Griesson
@griesson
GM 🤝
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Griesson
@griesson
Cognitive Biases That Influence Our Decisions — Ever wondered why we make irrational choices sometimes? Here are some common biases that trick our thinking Survivorship Bias: We tend to focus on successes and ignore failures. Why? Because successful examples are more visible, leading us to overestimate success rates and miss important lessons from failure. Anchoring Effect: First impressions are powerful! We often rely too heavily on the first piece of information we receive, which can skew our decisions later on, even when new info becomes available. Confirmation Bias: We tend to seek out information that confirms our existing beliefs and ignore anything that challenges them. It’s why we often stick to opinions we already have — even if they’re wrong! Sunk-cost Fallacy: This bias leads us to continue with projects we’ve already invested time, money, or effort into, even when it no longer makes sense. We hate the idea of "wasting" what’s already been spent.
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Griesson
@griesson
How a single person can ruine an entire team's performance Will Felps from the University of New South Wales conducted a fascinating study on the contagious nature of behavior at work. Here's what he found: In the study, teams of 4 students were tasked with solving a management problem in 45 minutes, with the best team promised a $100 reward. What they didn’t know? Some teams had actors with specific disruptive roles. One played a "slacker," who didn’t participate and spent time on their phone. Another was a "jerk," making sarcastic comments like “Is this a joke?” And the last was a "pessimist," who acted as if the task was impossible and the group doomed. Despite the other members being highly talented and motivated, Felps found that having just one of these disruptive actors lowered the team’s performance by a shocking 30-40%!
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