Everyday we’re asked to make decisions based on incomplete information in a compressed timeline. Your instinct and decision making has to be rock solid all the time. How do you know whether you can trust your decision making can be trusted? Take these four tests:
The familiarity test: Have we frequently experienced identical or similar situations?
The feedback test: Did we get reliable feedback in past situations?
The measured-emotions test: Are the emotions we have experienced in similar or related situations measured?
The independence test: Are we likely to be influenced by any inappropriate personal interests or attachments?
If you’re falling down on any of these, its time to reconsider your ability to make decisions and the process you go through.
via How to test your decision-making instincts – McKinsey Quarterly – Strategy – Strategic Thinking. (Subscription may be required)