Attention To Detail Includes Inconvenient Truths
Ever found yourself acting quickly without gathering important facts or perspectives, later wishing you had acted differently? "Confirmation bias" and "action bias" might be culprits.
Confirmation bias is our tendency to search for, pay attention to, interpret, and remember information that confirms our preexisting beliefs or values, while overlooking contradictory evidence.
Action bias is our inclination to act, even when it might be wiser to look for more information or step back.
For strategies to combat these biases, check out this article by Morey Stettner in Investor’s Business Daily, where I've shared some of my thoughts: