#20: How to Avoid Losing

Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion. That's the key take-away message of this episode of the Wise Decision Maker Guide, which describes how to avoid losing. This article forms the basis for this episode: https://disasteravoidanceexperts.com/how-to-avoid-losing-via-loss-aversion/ Make sure to register for the FREE Wise Decision Maker Course and get a FREE copy of the "Assessment on Dangerous Judgment Errors in the Workplace" as part of the first course module https://disasteravoidanceexperts.com/subscribe/ Get the book that describes in much more depth how successful leaders avoid dangerous judgment errors and make the wisest and most profitable decisions. "Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters" https://disasteravoidanceexperts.com/nevergut Other articles relevant to this episode: Decision Maker Movement Manifesto https://disasteravoidanceexperts.com/wise-decision-maker-movement-manifesto/ How to Evaluate Unconscious Bias Caused by Cognitive Biases at Work https://disasteravoidanceexperts.com/how-to-evaluate-unconscious-bias-caused-by-cognitive-biases-at-work/ 8 Key Steps for Effective Leadership Decision Making to Avoid Decision Disasters https://disasteravoidanceexperts.com/8-key-steps-for-effective-leadership-decision-making-to-avoid-decision-disasters/ 8-Step Leadership Decision-Making Process for Making the Best Decisions https://disasteravoidanceexperts.com/8-step-leadership-decision-making-process-for-making-the-best-decisions/ 8 Key Steps to Prevent Failure in Implementing Decisions or in Managing Projects and Processes https://disasteravoidanceexperts.com/8-key-steps-to-prevent-failure-in-implementing-decisions-or-in-managing-projects-and-processes/ How to Make Decisions Quickly https://disasteravoidanceexperts.com/how-to-make-decisions-quickly/ 10 Steps for Strategic Planning to Defend Your Future https://disasteravoidanceexperts.com/10-steps-for-strategic-planning-to-defend-your-future/ 12 Mental Skills to Defeat Cognitive Biases https://disasteravoidanceexperts.com/12-mental-skills-to-defeat-cognitive-biases/ The Wise Decision Maker Show is produced by Disaster Avoidance Experts and Dr. Gleb Tsipursky https://disasteravoidanceexperts.com/wdmg/ Let's Connect! Facebook https://www.facebook.com/DrGlebTsipursky/ LinkedIn https://www.linkedin.com/in/dr-gleb-tsipursky-89ab4b23/ Twitter https://twitter.com/gleb_tsipursky Instagram https://www.instagram.com/dr_gleb_tsipursky/