
The Bounded Mind - Part 3: From Hunch to Hypothesis: Engineering Certainty Through Testing
The Bounded Mind ← Series Home The High Price of Untested Belief Managers commonly rely on intuition and experience-based insights, often leading them to apply solutions to problems they have yet to fully understand. This default managerial style is often characterized by the plunging-in bias: rushing forward with a solution long before gathering data, finding alternatives, or engaging in analysis. Conversely, some highly analytical managers find themselves paralyzed, agonizing over multiple alternatives and over-analyzing a problem until the moment for effective action has passed. Both extremes—the impetuous and the overly cautious—share a common vulnerability: making decisions based on untested, unvalidated assumptions. ...
