The Decision Makers Playbook Part 3: The Bias Blockers

Week three of the Decision Makers Playbook teaches leaders that decision frameworks can’t protect them from their own brain shortcuts, as behavioral economics shows even experienced, well-intentioned leaders make predictable judgment errors due to bias.

The episode introduces a “bias blocker” system and explains six common biases—confirmation, sunk cost, anchoring, overconfidence, loss aversion, and groupthink—along with practical overrides like assigning a devil’s advocate, evaluating choices without past investment, creating your own anchor first, running a pre-mortem, reframing opportunity cost, and structuring dissent. Viewers rate their dominant biases, answer three reflection questions, and estimate the real cost of bias.

A case study shows sunk cost and confirmation bias driving prolonged investment in a failing product line until a clean-slate review prompts a pivot that frees overhead and boosts revenue.

The session closes with a four-step checklist and participant reflections on applying the tools in personal and business decisions.

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00:00 Week Three Kickoff

00:18 Why Biases Happen

02:21 Three Bias Truths

03:59 Build a Bias System

05:32 Confirmation Bias

07:12 Sunk Cost Trap

09:02 Anchoring Effect

11:00 Overconfidence Check

12:57 Loss Aversion Fear

14:54 Groupthink Pressure

16:46 Find Your Pattern

19:07 Case Study Product Line

22:56 Four Step Bias Blocker

25:15 Series Wrap and Week Four

26:27 Alan Applies the Tools

34:20 Willy Bias in Trucking

38:05 Closing Homework Reminder

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