Decision Making: Biases and Traps

Intra-company training

Which level is targeted at the end of the training course?

Intermediate

How long does the training course last?

At the client's discretion

Depending on the group's needs, the duration can vary: minimum 90 minutes (for the basics, with limited interactivity), maximum a full day (with role-playing, concrete applications, and group work).

In which language(s) is the training course taught?

DE EN FR

When will the next session take place?

Who is organising this training course?

I am a trilingual Learning Professional located in Luxembourg, with 30 years of experience and a proven track record in industry, academia and consulting. My observation is that technical skills get people hired, but the so-called soft-skills are what allows them to develop their maximum impact. My conviction is that people skills and managerial skills are learnable and teachable. My passion is making breakthrough learning happen through enjoyable training sessions and professional coaching.

What are the aims or the skills being targeted?

This session is based on Daniel Kahneman’s bestseller “Thinking, Fast and Slow” and improves participants’ ability to:

  • Explain the most relevant biases and traps in everyday decision making
  • Recognize situations in a professional context that require “slow thinking”
  • Apply the key lessons learned from Kahneman’s concepts

What does the training course cover?

Professionals make decisions every day, often with incomplete information and under time pressure. That is exactly when cognitive biases become dangerous. Confirmation bias, overconfidence, anchoring and other traps can distort judgement. Knowing the most common biases makes better decisions more likely.

What topics are addressed?

Agenda of the session:

  • How we decide: fast thinking versus slow thinking
  • Overconfidence
  • Base rate neglect
  • Conjuction (story-bias)
  • Mental accounting and loss aversion
  • Omission bias and Probability effect
  • Conclusions

What teaching methods are used?

Interactive, participative, informal

What course materials are provided?

Course materials are provided in pdf format after the training.

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