The Smarter People Blog

Human Capital Analtyics thoughts, views and opinion, from SPP thought leadership and industry experts.

Step 3: Make Smarter Decisions by Overcoming Confirmation Bias

Step 3: Make Smarter Decisions by Overcoming Confirmation Bias

In the midst of all the current political rhetoric, do you tend to automatically believe what your preferred candidate or party posits? Do you ever try to objectively listen to the opposing party’s position? Do you watch all the news channels to gain multiple perspectives? It’s hard to do because it’s uncomfortable. Your party’s position tends to reinforce your existing self-image, which is within your comfort zone. The reason it’s uncomfortable is due to your own confirmation bias. We tend to rely on and actively search for information that will confirm our existing view of the world and support our existing hypotheses. At the same time, we instinctively avoid information that might disconfirm our preexisting beliefs or hypotheses. We have a stubborn attachment to existing beliefs.

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Step 2: Make Smarter Decisions by Recognizing Overconfidence Bias

Step 2: Make Smarter Decisions by Recognizing Overconfidence Bias

Have you ever been surprised when it took you much longer to complete a task than you expected or you overestimated your knowledge or ability in a situation? This happens to me all the time with any home maintenance task. I end up spending more time watching DIY YouTube videos trying to solve the problem than I actually do working on the task because I don’t have the knowledge to complete the task. Half the time, I come to the realization that I need to outsource the task if I want it done right.

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