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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-11 12:21:22 -

Can training reduce biases?
Can Training Reduce Biases? A group of experienced professionals enters a training room. Some are physicians. Others are judges. A few manage investment portfolios worth millions of dollars. Many have decades of experience making consequential decisions. The instructor begins with a simple exercise. Participants answer a series of questions involving probabilities, risk assessments, and...

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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-11 12:15:58 -

How can I avoid cognitive biases?
How Can I Avoid Cognitive Biases? A physician reviews a patient's symptoms and reaches a diagnosis within seconds. An investor feels certain a stock is destined to rise. A hiring manager instantly likes a candidate during the first minute of an interview. A voter reads a headline and immediately knows who is right. Different people. Different situations. Different stakes. Yet the same...

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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-11 12:19:20 -

How to improve critical thinking skills?
How to Improve Critical Thinking Skills? A newspaper headline makes a bold claim. A social media post attracts millions of views. A colleague presents a persuasive argument during a meeting. An investor predicts a market crash. A doctor recommends a treatment. A friend shares a story that sounds unquestionably true. Which of these deserves your trust? The instinctive answer is often...

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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-11 12:27:50 -

How to make better decisions?
How to Make Better Decisions? A young investor buys a stock because everyone seems excited about it. A manager hires the candidate who made the strongest first impression. A patient chooses a medical treatment after reading a single success story. An entrepreneur launches a product because the opportunity feels irresistible. Months later, some of these decisions succeed. Others fail....

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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-11 12:17:33 -

How to think more rationally?
How to Think More Rationally? A woman buys a stock because she has a good feeling about the company. A manager hires a candidate because the interview "just clicked." A voter dismisses an argument after reading only the headline. An entrepreneur ignores warning signs because success feels inevitable. All four decisions may seem unrelated. One concerns investing. Another concerns hiring....

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Michael Pokrovski

added blog Decision Making and Problem Solving
2026-06-08 18:51:13 -

What is behavioral economics?
What Is Behavioral Economics? The Discipline That Discovered How We Actually Decide The Mistake That Changed Economics Several years ago, I found myself standing in a grocery store, holding two bottles of wine. One cost $12. The other cost $24. I knew almost nothing about wine. Yet I lingered. I examined labels I did not understand, regions I could not locate on a map, and tasting notes...

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