Decision makers Quote by Michael Lewis
““The failure of decision makers to grapple with the inner workings of their own minds, and their desire to indulge their gut feelings, made it “quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.””
About This Quote
Source Book: The Premonition, 2021
Leaders often ignore their own cognitive biases, leading to preventable societal errors.
In simple terms: Leaders' unchecked gut feelings cause avoidable mistakes.
Key Takeaway
Beware of bias in decision making.
Themes
leadership
psychology
bias
policy
risk
Mood
thoughtful
cautious
Type
reflective
advisory
When to use this quote
- government planning
- corporate strategy
- crisis management
- public health responses
Key Concepts
cognitive bias
decision making
systemic risk
Questions to Reflect On
- What steps can leaders take to counteract their biases?
- How can institutions enforce checks on gut-driven decisions?
A Different Perspective
Bias awareness alone may not change entrenched systems.
![“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.” quote by Michael Lewis](https://sms4smile.com/quotes/img-quotes/a59/michael-lewis-705_decision-making_crucial-decisions-are-made-today-as-thou_16888.jpg)
