Noreena Hertz, a leading keynote speaker and advisor on strategy and global economics, shared some tips on the secret of good decision-making at WIRED Money 2014, an ambitious single-day event that brings together disruptors and incumbents of the financial sector, to explore the future of money, banking and finance.
Noreena explained that our brains are not the rational objective things we might want them to be, because our analysis is affected by our own experiences and thinking patterns. So what does it take to make smart decisions? Noreena gives three pointers:
- We shouldn’t rely upon experts entirely, because they get things wrong.
- Those of us who have had success already in life must not be blinded by what has worked for us in the past.
- We need to get better at understanding what effects our decision making.