The Bounded Mind - Part 3: From Hunch to Hypothesis: Engineering Certainty Through Testing15 August 2020·1027 words·5 minsHuman Systems and Behavior Hypothesis Testing Scientific Method Experimentation Decision-Making and BiasApplying the scientific method to business decisions and the importance of testing assumptions.
The Bounded Mind - Part 2: The Invisible Flaws: Hunting Hidden Assumptions and Sunk Costs14 August 2020·1074 words·6 minsHuman Systems and Behavior Hidden Assumptions Sunk Costs Premortem Analysis Decision-Making and BiasUncovering hidden assumptions and the dangers of sunk costs in strategic decision-making.
The Bounded Mind13 August 2020·104 words·1 minHuman Systems and Behavior Critical Thinking Decision Making Strategy Bounded Rationality Irrationality Decision-Making and BiasA comprehensive exploration of critical thinking and decision-making strategies in an era of irrationality.
The Bounded Mind - Part 1: The Manager's Myth: Why Rational Decisions Are a Beautiful Lie13 August 2020·1010 words·5 minsHuman Systems and Behavior Bounded Rationality Decision Making Critical Thinking Decision-Making and BiasExploring the myth of rational decision-making and the reality of bounded minds in management.
The Architecture of Choice - Part 5: Beyond Paternalism: The Progress Found in the Freedom to Fail6 July 2020·979 words·5 minsHuman Systems and Behavior Freedom to Fail Market Evolution Progress Through Imperfection Ecological Rationality Innovation Decision-Making and BiasEmbracing the freedom to fail as a path to progress in choice architecture and human behavior.
The Architecture of Choice - Part 4: When a Nudge Becomes a Shove: The Regressive Costs of Protecting Consumers5 July 2020·1003 words·5 minsHuman Systems and Behavior Paternalism Regressive Costs Energy Efficiency Policy Unintended Consequences Consumer Welfare Decision-Making and BiasHow well-intentioned nudges can become coercive, imposing disproportionate costs on low-income consumers.
The Architecture of Choice - Part 3: The Knowledge Illusion: Why Central Planners Cannot Win the Trial-and-Error Game4 July 2020·1661 words·8 minsHuman Systems and Behavior Central Planning Knowledge Problem Behavioral-Economics Policy Failure Market Innovation Decision-Making and BiasWhy government attempts to nudge behavior often fail due to epistemic limitations and rigid processes.
The Architecture of Choice - Part 2: The Siren Song and the ATM: How Competition Curates Our Cognitive Biases3 July 2020·1441 words·7 minsHuman Systems and Behavior Market Nudges Competition Behavioral-Economics ATM Design Pareto Nudges Decision-Making and BiasHow markets use competition to create effective nudges that benefit both consumers and businesses.
The Architecture of Choice2 July 2020·332 words·2 minsHuman Systems and Behavior Choice Architecture Behavioral-Economics Decision Making Cognitive Biases Nudges Decision-Making and BiasA comprehensive exploration of choice architecture, behavioral economics, and the psychology of decision-making in modern society.
The Architecture of Choice - Part 1: The Bandwidth Problem: Why Modern Choice Overloads the Human Brain2 July 2020·1663 words·8 minsHuman Systems and Behavior Cognitive Biases Decision Making Behavioral-Economics Attention Scarcity Bounded Rationality Decision-Making and BiasExploring how modern life's abundance of choices overwhelms our cognitive bandwidth, leading to systematic decision-making errors.