Decision_Making

Four seasons in one day: Learn to make better decisions

True intuitive expertise is learned from prolonged experience with good feedback on mistakes.

— Daniel Kahneman, winner of the Nobel Prize for economics

10-second Summary

The complexity and challenge inherent in the role of today’s trustees makes the job hard, and very few decisions are straightforward.
Two of the key reasons for this are the complex framing of decisions, and the long-term timescale involved make it very hard to get meaningful feedback on a given decision in a way that would allow corrective action to be taken or to “replay” decisions.
Trainee pilots spend many hours in a computer simulator before they reach the cockpit. By providing a safe environment for practicing and obtaining feedback, simulations can also help trustees become more informed, confident and effective decision-makers.


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