All entries for Monday 22 April 2013

April 22, 2013

Assumptions resulting in decision bias

Whilst it is difficult to have an open mind when one has already been provided with sufficient information, it is important to not form assumptions or speculations, whether positive or negative, because these could have an impact on our ability to make reasonable and robust decisions. This could, therefore, result in a decision bias, and hence a flawed decision leading to negative consequences associated with bad decisions.

Critical Thinking Skills

The ability to think logically, critically and rationally is known as critical thinking. It also encompasses the capability to engage in reflective thinking, which is a fundamental personal attribute and competency to have. To make robust decisions, it is substantial to acknowledge, understand and demonstrate the following prerequisites:

- Identifying the rationality in ideas, and making logical connections

- Identifying, formulating and critically evaluating arguments

- Detecting inconsistencies and incoherencies in arguments

- Solving problems systematically and strategically

- Identifying relevant and key information

- Critically reflecting on the justification of personal values and beliefs

The emphasis given to thinking logically cannot be reiterated enough.

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