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Why Smart Leaders Make Bad Decisions (Harvard Business Review, Daniel Kahneman, Dan Lovallo, Olivier Sibony)
Think being the smartest person in the room makes you immune to bad choices? Think again. Behavioral science proves that high IQ often just helps you build bulletproof rationalizations for terrible ideas. Today, we explore the monumental $1.4 billion mistake Quaker Oats made when they acquired Snapple, and why brilliant executives are completely blind to their own cognitive biases like the 'halo effect' and 'groupthink.'
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The skinny
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