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Think Twice: Harnessing the Power of Counterintuition
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Think Twice: Harnessing the Power of Counterintuition Paperback - 2012

by Michael J. Mauboussin

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From the publisher

No matter your field, industry, or specialty, as a leader you make a series of crucial decisions every single day. And the harsh truth is that the majority of decisions--no matter how good the intentions behind them--are mismanaged, resulting in a huge toll on organizations, the people they employ, and even the people they serve.

So why is it so hard to make sound decisions? In Think Twice, now in paperback, Michael Mauboussin argues that we often fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive errors are preventable.

In this engaging book, Mauboussin shows us how to recognize and avoid common mental missteps. These include misunderstanding cause-and-effect linkages, not considering enough alternative possibilities in making a decision, and relying too much on experts.

Through vivid stories, the author presents memorable rules for avoiding each error and explains how to recognize when you should "think twice"--questioning your reasoning and adopting decision-making strategies that are far more effective, even if they seem counterintuitive. Armed with this awareness, you'll soon begin making sounder judgment calls that benefit (rather than hurt) your organization.

Details

  • Title Think Twice: Harnessing the Power of Counterintuition
  • Author Michael J. Mauboussin
  • Binding Paperback
  • Edition 1st ed.
  • Pages 224
  • Volumes 1
  • Language ENG
  • Publisher Harvard Business Review Press, U.S.A.
  • Publication date 2012-11-06
  • Features Bibliography, Index, Table of Contents
  • ISBN 9781422187388 / 1422187381
  • Weight 0.45 lbs (0.20 kg)
  • Dimensions 8.2 x 5.4 x 0.8 in (20.83 x 13.72 x 2.03 cm)
  • Category Business / Economics / Finance
  • Library of Congress subjects Decision making
  • Library of Congress Catalogue Number 2012018973
  • Dewey Decimal Code 658.403

About the author

Michael J. Mauboussin is chief investment strategist at Legg Mason Capital Management. He is also an adjunct professor of finance at Columbia Business School. Learn more at www.michaelmauboussin.com.
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