Idea Revolution Podcast 010: The Science of Decision Making

Decision making is an integral part of effective management. The process of consistently making sound decisions, however, is not intuitive. As human beings, we are subject to many biases that can cause us to mislabel problems, fail to fully identify all relevant information, and ultimately draw misinformed conclusions. In this conversation Rick and fellow podcaster, Brandon Laws of the HR for Small Business Podcast interview Pat McCauley, Owner and President of Bridgewell Agribusiness LLC (BWAB). Prior to BWAB, Pat spent 22 years at Susquehanna International Group (SIG), a global quantitative financial trading firm based in Philadelphia, Pennsylvania. At SIG, Pat held a number of key positions including COO, Head of Business Development, Head of Equity Trading and Head of Trader Development and Education. He developed much of his material for Decision Science at Susquehanna and has applied it successfully since then, both in his businesses and for business audiences in seminars and workshops. This engaging conversation covers some of the framework he has developed to help managers make better decisions, as well as generate awareness and strategies to avoid some very common traps and biases that cloud effective thinking.