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<blockquote data-quote="Walterp" data-source="post: 4497074" data-attributes="member: 321"><p>'Heuristics' are the biggest obstacle to rational thinking - it's the human condition to be moved by emotion, not logic. What makes us human, and also makes us (extremely) fallible.</p><p></p><p>Let's face it, some farmers on TFF are destined never to buy or rent another acre (unless it's given to them) because of their emotion-driven preconceptions. Others, swayed in the opposite direction, are equally prone to go bust, eventually, as their ambition over-reaches their ability.</p><p></p><p>Three valuable mental habits:</p><p></p><p>1. accept that no one can be immune from subjectivity, ignorance or denial;</p><p></p><p>2. recognise your preconceptions, emotions and biases;</p><p></p><p>3. try to develop an objective perspective.</p><p></p><p>(The <em>really </em>hard bit is no. 2).</p><p></p><p>In my experience, obtaining the correct answers to business problems is straightforward - what is difficult is asking yourself the correct questions).</p></blockquote><p></p>
[QUOTE="Walterp, post: 4497074, member: 321"] 'Heuristics' are the biggest obstacle to rational thinking - it's the human condition to be moved by emotion, not logic. What makes us human, and also makes us (extremely) fallible. Let's face it, some farmers on TFF are destined never to buy or rent another acre (unless it's given to them) because of their emotion-driven preconceptions. Others, swayed in the opposite direction, are equally prone to go bust, eventually, as their ambition over-reaches their ability. Three valuable mental habits: 1. accept that no one can be immune from subjectivity, ignorance or denial; 2. recognise your preconceptions, emotions and biases; 3. try to develop an objective perspective. (The [I]really [/I]hard bit is no. 2). In my experience, obtaining the correct answers to business problems is straightforward - what is difficult is asking yourself the correct questions). [/QUOTE]
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