What impact do the biases you hold have on your work?
Living and working in a more critical manner will allow your life to be more informed and less impacted by bias. This can have positive impacts on your work and those around you, just by challenging yourself to think differently.
In this episode I am joined by Alex Edmans, author of May Contain Lies. He shares his deep knowledge of bias and how to think smarter and more critically. He also discusses how he has used this within personal aspects of his life.
Are you confusing correlation with causation? A statement with a fact? Evidence with proof?
This episode is packed full of practical tips and actions you can take in your projects or meetings at work. Or even when you're listening to the news, to become more informed as to what could be misinformation.
“Misinformation affects our professional and personal lives” - Alex Edmans
You'll hear about:
00:00 - Start
01:10 - Which are the most harmful biases?
04:13 - How pervasive are biases?
06:25 - Does Alex make gut decisions still?
08:46 - Business and the ladder of inference
12:05 - Using these ideas in practice
17:32 - Is doing less better?
21:59 - Looking at specifics vs broad data
25:59 - How to challenge people with ill-informed views
29:58 - How to inspire more debate and dissent
33:52 - Managing himself with other’s critical thinking
36:19 - What Alex's best days look like
About Alex Edmans
Alex Edmans is Professor of Finance at London Business School. Alex has a PhD from MIT as a Fulbright Scholar, and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given the TED talk “What to Trust in a Post-Truth World” and the TEDx talks “The Pie-Growing Mindset” and “The Social Responsibility of Business” with a combined 2.8 million views. He serves as non-executive director of the Investor Forum, on the World Economic Forum’s Global Future Council on Responsible Investing, and on Royal London Asset Management’s Responsible Investment Advisory Committee.
He has won 25 teaching awards at Wharton and LBS and was named Professor of the Year by Poets & Quants in 2021.
His resources:
• Profile: / aedmans
• Book: www.maycontainlies.com
• Resources and research: www.alexedmans.com
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