ConceptsNest

  Story - The Ivy Lee Method: By 1918, Charles M. Schwab was one of the richest men in the world. Schwab was the president of the Bethlehem Steel Corporation, the largest shipbuilder, and the second-largest steel producer in America at the time. The famous inventor Thomas Edison once referred to Schwab as the “master hustler.” He was constantly seeking an edge over the competition. One day in 1918, in his quest to increase the efficiency of his team and discover better ways to get things done, Schwab arranged a meeting with a highly respected productivity consultant named Ivy Lee. Lee was a successful businessman in his own right and is widely remembered as a pioneer in the field of public relations. The Ivy Lee Method:. . . . . . . . During his 15 minutes with each executive, Ivy Lee explained this simple set of daily routine steps for achieving peak productivity: 1.       At the end of each workday, write down the six most important things you need to accomplish tomorrow. 2.

  ***Continued from Chapter 01 (Covered previously: Cognitive Biases and Debiasing, The Debiasing Process) Link to Chapter 01 Various Debiasing Techniques There are a few general debiasing strategies (sometimes referred to as  cognitive-forcing strategies ), which can help deal with many of the cognitive biases. Many of these strategies are interrelated since the underlying principles behind them are similar. A) Develop awareness of cognitive biases: . . . . . . . . . . . . . . . . . .>>   In some cases, simply being aware of a certain bias can help us reduce its impact. For example, consider the  illusion of transparency , a cognitive bias that causes people to overestimate how well others can discern their emotional state, so that they tend to think that other people can tell if they are feeling nervous or anxious even in situations where that is not the case. This happens because our own emotional experience can be so strong, we are sure our emotions ‘leak out.’ Howev

  C ognitive bias mitigation (or Debiasing ) is the practice through which we reduce the influence that cognitive biases have on people, to enable them to think in a more  rational  and  optimal  manner . Cognitive biases  are systematic patterns of  deviation from rationality , which occur  due to the way  our cognitive system works. Cognitive biases affect us in various areas of our life, from the way we interact with others to the way that we form our political opinions. Since these biases cause us to think and act in an irrational manner, their influence can be detrimental, which is why people often want to be able to mitigate them. Examples of Cognitive Biases Cognitive biases can influence our thinking in diverse ways, including the undermentioned: A) Cognitive biases can affect how we form impressions of other people : -. . .  For example, the halo effect  is a cognitive bias that causes our impression of someone in one area to influence our opinion of that person in othe

***Continued from Chapter 01 (Points 01 to 04 Covered) Link to Chapter -01 05) -> Always Dive with a Buddy Our buddy is there to help should we need them: we run out of air, our equipment malfunctions, we see something incredible that no one else will believe unless we have a witness. Our buddy is there to hold us accountable, to encourage and to calm us down should panic arise . A good buddy thinks not only of themselves, but of their counterpart as well. Our dive buddy could be a stranger we have just met on the boat or a lifelong friend with whom we share a passion. We enter the ocean on each other’s terms, agreeing on a dive plan, understanding that while each person is responsible for himself, they are also there to lend a helping hand. You share the dive together, exit the water together, drifting along in a sort of dependent independency (interdependency). Lesson:……………………………….. Going through life without someone with whom you can communicate, without someone to be there