NZBusiness+Management

HOW TO IMPROVE YOUR GROUP DECISIONS BY AVOIDING BIAS

Why do we often bring together a group of people to tackle an important decision, instead of just relying on one particularly clever person? Over 2,300 years ago the philosopher Aristotle proposed that: “The whole is greater than the sum of the parts.” In group-decision making today, we are still discovering evidence for this concept.

Compared to an individual, groups bring deeper knowledge and wider resources to a problem, increasing the likelihood that a group decision is of higher quality than an individual one. Group members are able to look at problems from diverse perspectives and provide specific insights based on their expertise,

You’re reading a preview, subscribe to read more.

More from NZBusiness and Management

NZBusiness and Management1 min read
Call For Better Public Sector Performance
A new report by The New Zealand Initiative documents the grounds for concern about the public sector's performance, calling for those in charge to step up to learn from betterperforming countries. The research note, titled Public Service Bloat – The
NZBusiness and Management3 min readIntelligence (AI) & Semantics
Deepfake Scams: Every Leader Should Be Prepared
Organisations are at high risk of reputational damage, extortion and IP theft by synthetic media with AI generated content, such as deepfakes, so realistic that humans can't tell them apart from authentic media up to 50 percent of the time, according
NZBusiness and Management2 min read
Playing The ‘Don't Run Out Of Money’ Game
Let's start with a thought experiment. Picture this: I've just handed you $100,000. Not in a suitcase. I just stood in front of you and physically handed you brick after brick of one-hundred-dollar notes, banded together. Cold hard cash. Stop thinkin

Related