Don't make decisions by majority vote. The majority is almost always wrong.
Deciding under uncertainty is bad enough, but deciding under an illusion of certainty is catastrophic.
Errors in decision-making lead young people to under-save for retirement, doctors to miss tumours, CEOs to make catastrophic investments, governments to engage in needless wars, and parents to irreversibly traumatize their children.
A lot of mistakes [in government] are made by people with little experience.
If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.
Failures of perspective in decision-making can be due to aspects of the social utility paradox, but more often result from simple mistakes caused by inadequate thought.
One has to live with the fact that some corporate decisions are going to be wrong. As long as most of the decisions are right.
Somebody can be the captain of the ship, which allows you to make big mistakes.
It was a mistake. On the information we had, we shouldn't have prosecuted the war. We shouldn't have changed our argument from international law to regime change in a non-transparent way. It was an error for which we as a country paid a heavy price, and for which many people paid with their lives.
You're not always going to make the right decisions, but you have to be guided by what you think is important.
In strategic decisions, I'd be really concerned about overconfidence.
All managers make decisions, and sometimes they are right, and sometimes people say they are wrong.
The most common source of mistakes in management decisions is the emphasis on finding the right answer rather than the right question.
Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.
To be a good producer, one needs to be able to eat lunch, and make ill-informed decisions.
During your career, you have to make decisions. Sometimes maybe you don't make such a good decision and at the end you have to try and recreate a position.
If we had had more time for discussion we should probably have made a great many more mistakes.
If a decision-making process is flawed and dysfunctional, decisions will go awry.
Necessity, especially in politics, often occasions false hopes, false reasonings, and a system of measures, correspondingly erroneous.
