Remember the game show “Let’s Make a Deal”? Host Monty Hall would challenge wackily dressed contestants to the pick the most valuable prize behind “Door No. 1, Door No. 2 or Door No. 3.” A CEO of a wealth management firm in a short Chief Executive Magazine article explains how a decision maker’s life is similar to, and different from, choosing the right door on the iconic game show (this is actually known in psychological circles as the “Monty Hall Problem.” )
Being able to change one’s mind is challenging for any executive, especially when everyone is watching. Spend a few minutes “thinking about thinking,” and “The Paradoxes of Changing Your Mind.”
