Market Indicators
- JSE All Share (ALSI) 50,336.72
- Rand/Euro R 20.16
- Rand/Pound R 23.24
- Rand/US Dollar R 18.44
- Rand/Aus Dollar R 12.03
Binary thinking, What-Ifs and why it helps to disagree with yourself
We live in a world of complex problems. Each day we need to make decisions which affect our lives and those of our clients and colleagues. We are also subject to the decisions of others – business leaders, governments, central banks, and other role players in a global economy where singular decisions have far reaching implications.
In this month’s comment we look at how we are prone to oversimplifying complex problems, and why our ‘what if’ questions help us to disagree with ourselves so that we can make better decisions.