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Bias busters: Taking the ‘outside view’

Bias busters: Taking the ‘outside view’

Improving strategic previsions by referring to a category of projects rather than limiting the analysis to the project itself.

Author(s): Tim Koller, Dan Lovallo

Publisher: McKinsey Quarterly

Date of publication: 2018

Read this article on the publisher's website [McKinsey Quarterly]

Synopsis

This article is one of the sources used in Manageris’ synopses:

Deciding while under pressure

Deciding while under pressure

When we make decisions, we are inevitably subjected to biases—that are all the more powerful when we are under pressure and the stakes are at their highest. How can you nonetheless secure the vital strategic decisions?
291b – Synopsis (8p.) Decision Making