decision making

A Quote by James Surowiecki on judgement, diversity, and decision making

In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.

James Surowiecki

Contributed by: ~C4Chaos

A Quote by James Surowiecki on groups, crowds, independence, diversity, decision making, decisions, judgement, collective, and intelligence

Independence is important to intelligent decision making for two reasons. First, it keeps the mistakes that people make from becoming correlated. Errors in individual judgement won't wreck the group's collective judgement as long as those errors aren't systematically pointing in the same direction. One of the quickest ways to make people's judgements systematically biased is to make them dependent on each other for information. Second, independent individuals are more likely to have a new information rather than the same old data everyone is already familiar with. The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other. Independence doesn't imply rationality or impartiality though. You can be biased and irrational, but as long as you're independent, you won't make the group any dumber.

James Surowiecki

Contributed by: ~C4Chaos

A Quote by Jim Collins on level 5 leaders, leadership, decision making, drive, and results

Level 5 leaders are fanatically driven, infected with an incurable need to produce sustained results. They are resolved to do whatever it takes to make the company great, no matter how big or hard the decisions.  

Jim Collins

Source: Good to Great: Why Some Companies Make the Leap... and Others Don't, Pages: 39

Contributed by: Brian

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