Found an interesting paper written by Katherine L. Milkman, Dolly Chugh and Max H. Bazerman on the topic.
The paper broadly talks about System 1(intuitive) and System 2 (explicit, effortful) of decision making and points out three ways of moving from System 1 to System 2:
a.) Gather historical data and analyse.
b.) Look at the situation and the implications of your intuitive decision as an outsider.
c.) Weigh the implications of a decision that is exact opposite of your current decision to see if your current decision has merit.
The paper can be found here.
Published by
Avishek Gupta
I help drive sustainable development by financing the growth of professionally managed entrepreneurial ventures that solve key social and environmental problems. Having financed and observed over 150 ventures from close quarters, I understand the challenges that such ventures face in scaling up. I have the knowledge of process, financing and technology solutions that can help overcome those challenges. Separately, I have the experience of building businesses that finance early/growth stage companies. Most recently, I was involved with growing Caspian Debt to a full-fledged operating company from an initial 3 member fund investments team.
NOĒSIS 
Leave a Reply