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WorksheetsDecision Making
Total questions: 12
Worksheet time: 6mins
According to Malcome Gladwell, what is a useful degree of delusion?
An observation that people are always rational
An observation that people see their spouses as more attractive and intelligent than they actually are
An observation that people never make mistakes
An observation that people are always pessimistic
Fill in the blank: Malcome Gladwell suggests that if entrepreneurs were entirely rational, they would not start companies because most companies _____
fail
succeed instantly
never face challenges
are always profitable
According to the transcript, what profession does Malcome Gladwell use as an example of a rational career choice?
Dentist
Entrepreneur
Teacher
Artist
Stephen Johnson mentions a word that keeps coming up in his book. What is that word?
Confidence
Diversity
Rationality
Delusion
Fill in the blank: According to Stephen Johnson, irrational exuberance and confidence is overconfidence and _____.
confirmation bias
groupthink
optimism bias
anchoring
According to the passage, what is scenario planning?
A technique developed in the 70s as a kind of business technique, involving telling 3 or 4 stories about the future to imagine different outcomes.
A method for predicting stock market trends using mathematical models.
A process of creating detailed budgets for future business expenses.
A strategy for hiring new employees based on current market conditions.
What is the purpose of the premortem technique described in the passage?
To get people to think about the decision they're about to make by imagining it as a failure and telling the story of how that catastrophe happened.
To ensure that all team members agree with the decision before it is made.
To celebrate the potential success of a decision before it is implemented.
To assign blame for possible failures in advance.
Who is mentioned in the passage as having developed the premortem technique?
Gary Klein
Daniel Kahneman
Richard Thaler
Angela Duckworth
The passage suggests that scenario planning and premortem techniques are about fully rational processes.
True
False
What is a potential benefit of using the premortem technique in decision-making?
It focuses solely on the positive aspects of a decision.
It allows for a more optimistic view of future outcomes.
It guarantees that all decisions will lead to success.
It helps to identify possible risks and challenges before they occur.
Which of the following best describes the concept of irrational exuberance as discussed in the passage?
A method for ensuring team consensus.
A strategy for minimizing potential failures.
A rational assessment of risks and benefits.
A tendency to overestimate the likelihood of success.
According to the passage, what role does optimism bias play in decision-making?
It helps in making more informed decisions.
It encourages a realistic evaluation of risks.
It is irrelevant to the decision-making process.
It leads individuals to underestimate potential failures.
