SlideShare a Scribd company logo
Behavioral
   Bias
will cause
   Brain
 Blunders
  Presented
      by
 Russell White
What is a Behavioral Bias?
 A replicable pattern
     in perceptual
distortion, inaccurate
judgment, or illogical
  interpretation that
we anchor actions to.

    Or what we call…

RussellWhite.com © 2012
Poor Judgment
RussellWhite.com © 2012
Being Overconfident




RussellWhite.com © 2012
Looking for the Negative

                              For
                          many, nega
                              tive
                          thinking is
                                a
                          habit, whic
                            h over
                          time, beco
RussellWhite.com © 2012     mes an
Hindsight




RussellWhite.com © 2012
The Blind
       Spot


  “I’m so pretty.”

RussellWhite.com © 2012
Comfort with the Familiar

                          We tend to
                            stay with
                             what is
                          comfortable
                            and avoid
                           trying new
                              things
RussellWhite.com © 2012
Regret Avoidance




RussellWhite.com © 2012
Over-exaggerations
Dang pilot




                           Self-Attribution
                              What goes well I
                                       caused.
                             What went wrong
RussellWhite.com © 2012
                          someone else caused.
Extrapolation

                           What happened
                             previously is
                               what will
                            happen next…



RussellWhite.com © 2012
RussellWhite.com © 2012   Not necessarily
Then again not everything
    newer is necessarily better




RussellWhite.com © 2012
Act More Logically




               Not as Emotionally
RussellWhite.com © 2012
Recognize Behavioral Bias Triggers
             During
           Uncertainty




RussellWhite.com © 2012
Stay Away From the News

                            News
                          providers
                           feed on
                          behavioral
                             bias

RussellWhite.com © 2012
Define Your Risk Reward Zone
RussellWhite.com © 2012
Involve Others in
            Meaningful Decisions




RussellWhite.com © 2012
803-831-7600
             Russell@RussellWhite.com

                 RussellWhite.com



   Russell J. White, president of Pinnacle
    Solutions, is one of America’s leading
       authorities on business in the new
                      economy. He is an
         author, consultant, international
         speaker, and business expert on
    leadership and strategies for success
                    in the new economy.
RussellWhite.com © 2012

More Related Content

More from Russell White

The View from 2024
The View from 2024The View from 2024
The View from 2024
Russell White
 
The Agile Advantage: Mastering Business in the New Economy
The Agile Advantage: Mastering Business in the New EconomyThe Agile Advantage: Mastering Business in the New Economy
The Agile Advantage: Mastering Business in the New Economy
Russell White
 
A Call to Action
A Call to ActionA Call to Action
A Call to Action
Russell White
 
Selling to a skeptical society
Selling to a skeptical society  Selling to a skeptical society
Selling to a skeptical society
Russell White
 
Why Use Strategic Planning
Why Use Strategic PlanningWhy Use Strategic Planning
Why Use Strategic PlanningRussell White
 
Then and Now: 1955 to 2010
Then and Now: 1955 to 2010Then and Now: 1955 to 2010
Then and Now: 1955 to 2010
Russell White
 
Answer the Call to Leadership
Answer the Call to LeadershipAnswer the Call to Leadership
Answer the Call to Leadership
Russell White
 
Russell's Rules: Just Do This ... Lead!
Russell's Rules: Just Do This ... Lead!Russell's Rules: Just Do This ... Lead!
Russell's Rules: Just Do This ... Lead!
Russell White
 
ERM Overview for Credit Unions
ERM Overview for Credit UnionsERM Overview for Credit Unions
ERM Overview for Credit Unions
Russell White
 
20 entrepreneurial truths
20 entrepreneurial truths20 entrepreneurial truths
20 entrepreneurial truths
Russell White
 

More from Russell White (10)

The View from 2024
The View from 2024The View from 2024
The View from 2024
 
The Agile Advantage: Mastering Business in the New Economy
The Agile Advantage: Mastering Business in the New EconomyThe Agile Advantage: Mastering Business in the New Economy
The Agile Advantage: Mastering Business in the New Economy
 
A Call to Action
A Call to ActionA Call to Action
A Call to Action
 
Selling to a skeptical society
Selling to a skeptical society  Selling to a skeptical society
Selling to a skeptical society
 
Why Use Strategic Planning
Why Use Strategic PlanningWhy Use Strategic Planning
Why Use Strategic Planning
 
Then and Now: 1955 to 2010
Then and Now: 1955 to 2010Then and Now: 1955 to 2010
Then and Now: 1955 to 2010
 
Answer the Call to Leadership
Answer the Call to LeadershipAnswer the Call to Leadership
Answer the Call to Leadership
 
Russell's Rules: Just Do This ... Lead!
Russell's Rules: Just Do This ... Lead!Russell's Rules: Just Do This ... Lead!
Russell's Rules: Just Do This ... Lead!
 
ERM Overview for Credit Unions
ERM Overview for Credit UnionsERM Overview for Credit Unions
ERM Overview for Credit Unions
 
20 entrepreneurial truths
20 entrepreneurial truths20 entrepreneurial truths
20 entrepreneurial truths
 

Recently uploaded

RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Avirahi City Dholera
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 

Recently uploaded (20)

RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 

Behavioral Bias will cause Brain Blunders