Critical Thinking for Financial Professionals
1.00 Credits
Member Price $55
Non-Member Price $75
Overview
What were they thinking? Why do business leaders sometimes make horrible decisions that severely damage themselves and their organizations? It is tempting to assume that poor choices must be due to someone’s incompetence, inexperience, bad character, or low intelligence. Yet, when we make a mistake ourselves, we someone rationalize it as a choice other people would make under the same circumstances. This session will discuss the common decision-making errors people make and to help you avoid making these blunders yourself. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
Two Systems of Thinking
- System 1
- System 2
How cognitive bias can cause you to make bad decisions
- Anchoring
- Availability
- The Dunning-Kruger Effect
- The Ikea Effect
- The Rhyme as Reason Effect
- Substitution
6 Tips for making better decisions
Prerequisites
Some background in logical thinking is helpful
Designed For
All professionals at every level
Objectives
Gain insights that will help you, and your management team make better decisions.
Preparation
None
Leader(s):
Leader Bios
John Daly, Executive Education, Inc.
John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development. He has taught continuing professional education courses since 1995. Earlier in his career, John was Chief Financial Officer for a Tier 1 automotive parts supplier, CFO for a large restaurant chain and COO for a window treatments manufacturer and retailing chain. He is the author of Pricing for Profitability, published by Wiley & Sons, Inc.
Non-Member Price $75
Member Price $55