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Overcoming Short-Termism: Understanding Cognitive Biases In Times Of Uncertainty

Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT Overcoming Short-Termism: Understanding Cognitive Biases in Times of Uncertainty by John Hagel, edgeperspectives.com A core paradox of our life in Path to Paralysis the 21st century: our new infrastructures create both opportunity and pressure. opportunity PRESSURE UNCERTAINTY magnify RISK We see all the things that could go wrong. We don't spend a lot of time thinking about the long-term. risk/reward bias discount reward time horizons shrink Threat (SHORT TERM mindset a lead us to... we only see what's right in front of us - focus on threats - protect what we have - have a 'with me or against me' attitude static - encourage uni- formity of thought ZER - distrust win sum Fixed amount. Who gets what? mindset - triggered by a completely natural and A vicious cycle understandable set of cognitive biases. short-term mindsets "I see one pie." drive zero sum mindsets "I must grab it..." drive threat based narratives which reinforce "...QUIÇKLY!" short-term mindsets Crafting an alternative path The best way to break the cycle is to understand it. аcсept: UNCERTAINTY In times of high uncertainty, we all have a natural magnify RISK tendency to magnify risk and discount reward. risk/reward bias discount reward Three elements can come together to help overcome cognitive biases. opportufity-based narratives рeople platforms positive feedback loops Breaking the cycle In times of high uncertainty, we all have a natural tendency to magnify risk and, discount reward. Radio: "A woman Opportunity based narratives have the potential to flip our natural risk/reward perceptions. in Oklahoma baked ten pies. Baking pies is great! Platforms create rapid positive feedback loops to build credibility for the longer- termopportunities down the road. Baking People provide compelling models through actions to opportunities that can be unleashed. strate long-term growth We live in a world of unprecedented opportunity and unparalleled challenge - our actions individually and collectively will determine whether opportunity or challenge prevails. Be the change you wish to see in the world. Source: http://www.edgeperspectives.com Put together by: http://www.whatdoyouwantfromthem.com NARRATI>ES HHREAT

Overcoming Short-Termism: Understanding Cognitive Biases In Times Of Uncertainty

shared by wdywft on Nov 14
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Short-termism can be overcome by understanding its triggers and by bringing together three elements: opportunity based narratives, platforms and people.

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