Paralysis by Analysis

The video discusses a scenario where an individual struggles to make decisions due to excessive analysis, a form of cognitive bias. This bias stems from a fear of making incorrect decisions, leading to inefficiency and ineffectiveness. The focus on understanding every detail impairs performance and decision-making abilities.

What is the main issue faced by individuals in the decision-making scenario described?

• External pressure

• Time constraints

• Over-analysis

• Lack of information

How does cognitive bias manifest in the decision-making process?

• By causing a fear of making incorrect decisions

• By ignoring potential outcomes

• By simplifying complex situations

• By encouraging quick decisions

What is a consequence of focusing too much on analysis in decision-making?

• Faster decision-making

• Inefficiency and ineffectiveness

• Improved decision quality

• Increased confidence

What does the need to be efficient or effective in decision-making lead to?

• Better performance

• Increased stress

• Impaired performance

• Clearer understanding

How does cognitive bias affect performance in decision-making scenarios?

• It impairs performance

• It enhances creativity

• It reduces stress

• It speeds up decision-making