Selected topics psychology and leadership
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Selected Topics: Psychology and Leadership. Monetary Decisions: Psychological Influences. Distance yourself from emotion before deciding. Decisions are often interrupted by short term emotion In 2009 61,535 tattoos were removed Everything Lindsay Lohan does

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Selected Topics: Psychology and Leadership

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Selected topics psychology and leadership

Selected Topics: Psychology and Leadership


Monetary decisions psychological influences

Monetary Decisions: Psychological Influences


Distance yourself from emotion before deciding

Distance yourself from emotion before deciding

  • Decisions are often interrupted by short term emotion

    • In 2009 61,535 tattoos were removed

    • Everything Lindsay Lohan does

  • Emotionally fueled decisions are rarely good ones

  • Emotions involved can be very subtle

  • Mere exposure effect

    • Develop a preference because of exposure

  • To reduce emotion

    • Sleep on it

    • Shift perspective: “How would ___ do this?” (Note to self: do not insert Lindsay Lohan”)


Prepare to be wrong

Prepare to be Wrong

  • Overconfidence

    • One of the most well documented biases in psychology

    • M.D. who are completely certain misdiagnose 40% of the time


Avoid confirmation bias

Avoid confirmation bias

  • Tendency to seek information that confirms our existing beliefs

  • Avoid contrary evidence

  • Especially troublesome when coupled with “mere exposure” effect


Honor your core priorities

Honor your core priorities

  • No trouble identifying problems, the issue is with trying to solve them

  • Tendency to get lost in the “muck”

    • Get distracted from our efforts


The power of negative thinking

The Power of Negative Thinking


Bob knight

Bob Knight

  • Mistake avoidance strategy

    • 4 passes on each offensive possession

  • Chose the team captain

  • Did not put players names on the back of jerseys

    • “you play for the name on the front of the jersey”


Knight on losing

Knight on Losing

“You are not on scholarship to lose. I did not recruit you to lose. Losing is abnormal; losing is unusual; losing is unacceptable. That’s not what we are here for.”


Athletics and business

Athletics and Business

“The smart, cautious athlete is doing in a split second what an investor may have to do in the split second of watching a stock market tape – consider the risks, calculate the best alternative, and then commit to (the decision) totally.”


Resources and a basketball

Resources and a Basketball

  • Both are limited

  • Neither should be used wastefully

    • Shooting too quickly in a basketball game

  • Avoid waste


Selected topics psychology and leadership

  • Recognize, address and remove obstacles to winning

  • Preparation and the elimination of mistakes

  • “Having the will to win is not enough. Everyone has that. What matters is having the will to prepare to win.”

  • Victory favors the team that makes the fewest mistakes.


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