Feeding Our Gut Feeling with Data and Statistics
Unrivaled Man
English - February 15, 2022 10:00 - 23 minutes - 53.6 MB - ★★★★★ - 27 ratingsManagement Business Society & Culture Personal Journals Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Following our instincts before making big decisions is usually the best option. When, for some reason that we can't explain, our decision goes against logic; that is the voice of our instincts talking, and we should listen to it. However, our gut feeling might be tainted; we could be influenced, on an unconscious level, by a specific outcome and make biased decisions.
On the other hand, numbers reflect reality, data is objective. Or is it? Can't we look at the statistics that support our thought, and even with strict data in front of us, make a subjective choice?
In this episode, we talk about data vs. going with our gut in big decisions. We delve into how hard it is to find the balance between what we see through numbers is the right choice and what our feelings tell us we should do. We discuss when we should, as leaders, go with our instincts or look at the data and trust the numbers. We talk about the importance of surrounding ourselves with people who can turn data into information, and information into insights. We also talk about stepping back, getting away from the noise, and looking at the big picture in silence to get closer to the correct answers.
In This Episode, You Will Learn:
My tummy feels like watching a movie. The importance of getting used to listening to our instincts (3:12)The numbers don't lie, or do they? We must pay attention to data skewing (5:28)Data can't be blindly followed (8:33)About turning data into information, and information into insights (10:28)How can we get outside of the groupthink (15:33)Resources:
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