The Book Think Twice by Michael J Mauboussin Essay

Michael J. Mauboussin takes a look at decision-making process from a new perspective. In his book, the author professes a thoughtful approach to decision-making. Michael J. Mauboussin views reasonable and well-grounded decisions as a means that will prevent investment bankers and managers. In a plethora of books on the same topic, this one stands out for its absolute clearness of thought and suggested advice how to make proper decisions and avoid major mistakes.

Michael J. Mauboussin claims that in tough situations, we tend to make simplifications and thus lose chances to find more appropriate solutions to the problem we are faced with. The influence of outward factors on our brains distracts us from sober assessment of the situation. Consequently, logical and reason are superseded by a situational impulse that drives our minds to a lower level of comprehension. No doubt these conditions are not the best to make effective decisions.

In the author's opinion a remedy is to think twice. This approach implies application not only of one's common sense, but intuition as well. It will help to overcome one's failure to act properly in complicated situations. A piece of advice to resort to intuition is a general one. Further in the book Michael J. Mauboussin gives more precise tips how to acquire and master outstanding decision-making skills. The author tries to figure out why smart people commit mistakes and how to avoid costly mistakes, escape mental traps, predict possible outcomes, and mould a right context for decision-making.

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