Latest news with #decisionmaking
UAE Moments
a day ago
- Business
- UAE Moments
Your Daily Career Tarot Card Reading for June 23rd, 2025
23.6.25 The Lovers: If you've been given two equally tempting job offers or contracts and aren't sure which one to take, make time to get some quiet time and reflect on your situation. Even better, sleep on it and notice your first thoughts on it upon waking. Be prepared to discuss your ideas with friends and loved ones, too, and you'll soon have a solid understanding of what's best for you.
Entrepreneur
2 days ago
- Business
- Entrepreneur
Tackle Decision Fatigue With This CEO-Worthy AI Tool
Let AI help you make some decisions with SkillWee, an app designed with entrepreneurs in mind. Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. It feels like entrepreneurs can make more than 1,000 decisions a day on everything from business to teams to strategies. If you could use some help with some of those, let SkillWee, the AI-Powered Decision-Making App, assist you. SkillWee helps you make smarter, data-backed decisions. And right now, a lifetime subscription can be yours for just $49.99 (reg. $299.99). Save time and avoid making mistakes with this AI-powered tool Decision fatigue is real — especially when you're an entrepreneur. Think of SkillWee as your very own AI-powered assistant ready to help you make data-driven decisions. It lets you test business strategies totally risk free, analyze any potential outcomes and get real-time insights before you take action. Need some advice on whether you should hire more people? What about tips on how to secure funding? SkillWee provides AI-powered recommendations on these kinds of topics with answers based on data-driven insights. SkillWee was built for entrepreneurs and professionals, and is designed to help you think like a CEO and strengthen your decision-making skills. It's a great way to weigh your options before deciding things, helping you avoid expensive mistakes in the future. Since SkillWee is powered by AI, it will adapt to your unique learning style and goals as you go. It can also offer personalized feedback, so you can learn as you go. There are game-like scenarios that even make it fun. Aside from helping you in your day to day, SkillWee can also help you build some essential soft skills. Choose from decision-making, leadership, communication, and more to sharpen your professional skills as you use this tool. Take advantage of this lifetime subscription to SkillWee AI-Powered Decision-Making App, now only $49.99 (reg. $299.99). StackSocial prices subject to change.
Medscape
4 days ago
- Health
- Medscape
Ethics in Medical School: A Q&A With Dr Holland Kaplan
Holland Kaplan, MD, is an assistant professor in the Center for Medical Ethics and Health Policy and the Section of General Internal Medicine at Baylor College of Medicine in Houston. In this Q&A with Medscape Medical News , Kaplan discussed critical gaps in medical ethics education, challenges in teaching ethical reasoning, and how the field has evolved in response to recent developments in healthcare. The interview has been edited for length and clarity. In your experience, what is the most important ethical issue that often gets overlooked in medical school curricula — and why does it matter in practice? Holland Kaplan, MD I think the most important ethical skill that is underemphasized or inadequately taught in medical school is being able to conduct thorough assessments of patients' decision-making capacity. When physicians lack this ability, they are dependent on other physicians to make this assessment and may over- or under-involve patients in their own decision-making. What's one ethical gray area that students are often surprised by in clinical training? How do you guide them through it? A topic that students find consistently challenging is the concept that it is often ethically appropriate and in line with principles of shared decision-making for a physician to make a medical recommendation to a patient. Our culture of clinical practice has become focused on respecting autonomy sometimes to a fault. I have observed medical students and residents presenting patients with complex clinical options for advanced conditions without providing any guidance to the patient on how to choose between these options — the 'menu' approach. While patients sometimes do want and need to make completely independent medical decisions without physician guidance, more often than not it is appropriate for a physician to guide a patient through the decision-making process and make a medical recommendation based on the patient's values and the clinical situation. What role should ethics play in preparing future physicians to address health disparities and systemic injustice? Ethics education plays a central role in enabling future physicians to address health disparities and systemic injustice. A critical concept taught in medical school and in ethics courses is the importance of patient-centered care — care that respects the rights and preferences of patients to the extent possible. Often, one of the first hints that care is unjust or unequal is when individual patients' rights and preferences are not being fully respected. Ethics education provides a framework and language for articulating how these injustices and inequities take place at a systemic level and how they can be addressed. How do you evaluate whether a student has developed good ethical reasoning — not just memorized principles? Assessing whether a student has developed sound ethical reasoning is quite challenging. I find that the best way to assess students' ethical reasoning is through a dialogue in the clinical setting when they are taking care of patients. This can be done by asking questions about rote ethics knowledge, then asking the student to apply that knowledge to their patient's case, and then asking probing questions about contingency scenarios. It can also be helpful to ask students how they would navigate specific aspects of challenging conversations with patients or families, as this often involves demonstrating the ability to elicit values. How has the teaching of medical ethics changed in recent years? The main way we've seen ethics education change is that the pass or fail grading and optional lectures have decreased student accountability to learn the material. While most students still engage meaningfully with the material, it has become more challenging to ensure that every student has achieved a bare minimum degree of competence in ethics during their medical education. Artificial intelligence has also made it more difficult to assess ethical reasoning via assigned essays. If you could add one ethical topic to every med school curriculum that's currently underrepresented, what would it be and why? It would be education on the concept of 'dual loyalties.' Physicians experience dual loyalties when their allegiance is strongly pulled toward something or someone other than their patient. There are settings where this is more likely to occur, such as when physicians practice in prisons or in the military. However, physicians' loyalty in day-to-day practice can be pulled toward institutional policies, length-of-stay metrics, managed care organizations, and so forth. Medical students are not typically taught about this concept or how to navigate it.
Globe and Mail
15-06-2025
- Business
- Globe and Mail
When stock markets turn ugly, these four tricks will help prevent knee-jerk reactions
On April 4, the S&P/TSX Composite Index fell almost 5 per cent. While some investors hammered the sell button, others went on with their day and made no changes to their portfolios. Same red numbers, two opposite reactions. Why? Behavioural science says big losses should, in theory, jolt us out of knee-jerk habits and push us into careful 'System 2 thinking' – a term psychologist Daniel Kahneman used to describe our deliberate reasoning, analytical mode. 'System 1' is its opposite: fast, automatic, fuelled by emotion and mental shortcuts. System 2 is reflective, methodical, the part that double-checks math homework and rereads contracts. The trick is getting the brain to shift gears from the first to the second when markets turn ugly. New research published in the Judgment and Decision Making journal offers a clue. Experiments found that financial losses prompt people to spend more time thinking and to make better, more deliberative decisions – but only when there is enough time and cognitive space to think. Add a tight deadline, or the perception of a time pressure, and the benefit disappears: participants flip back to snap (System 1) judgments. The authors paid volunteers to solve brain-teaser questions. Get one right, earn 25 cents in one series of questions. Get it wrong, lose 25 cents in another series. When a potential loss was on the line, subjects spent more time thinking and arrived at more correct answers. That's evidence that the sting of loss can summon System 2. Opinion: If you lose money in the stock market, do you double down? That's called a martingale strategy, and it's dangerous Then the experimenters imposed a 20-second countdown clock. Under the gun, performance tanked and participants defaulted to the fast, intuitive – and often wrong – answer. Losses can prompt deep thinking or blind panic. What decides the outcome is whether the brain is given breathing room. Now bring that insight to Bay Street. Markets embed their own stopwatch: price quotes refresh almost instantly and social feeds stir up emotions around the clock. Investors do not merely sense urgency: both mainstream and social media revolve around it. Worse, the clock never stops. Extended-hours trading sessions for Canadian investors are already available from 4 a.m. to 8 p.m. ET for many stocks, and overnight trading (8 p.m. to 4 a.m. ET the next morning) effectively makes stock trading available around the clock. Given that cryptoasset trading has no market close, maybe the move to around-the-clock security trading is inevitable. But while retail platforms tout overnight access as empowerment, the side effect is obvious: we have lost the natural curfew the closing bell once provided. Instead of cooling off overnight, a jittery investor can unload shares at 3 a.m., when liquidity might be thin and fear might be thick. Opinion: The Big Six banks are to blame for the lifeless Toronto Stock Exchange In contrast, regulators and exchanges recognize the need for oxygen. Market 'circuit breakers' halt stock market trading after big losses occur in a single trading session. These engineered breathing spaces give market participants time to digest what is happening. The implication for investors is obvious: while market losses can jolt us into deeper, more careful reasoning, this benefit is only realized if we have the time and mental space to reflect. In fast-moving markets, or when pressured to make quick decisions, the advantage of loss-induced deliberation may be lost so we need to figure out how to buy time or avoid reflexive decision-making. Here are four practical defence strategies that could help: 1. Write an investment policy statement before you need it. Even a one-page policy, drafted when you are calm, acts as a lighthouse when seas get rough. 2. Automate what you can. Prescheduled contributions and auto-rebalancing reduce decision points. 3. Use a checklist buddy. Talk decisions through with an adviser or trusted friend. Saying it out loud acts as a speed bump against emotion. 4. Respect the bell (even if markets ignore it). For investors that day-trade, decide in advance that you will not place trades outside regular hours unless a preset rule demands it. Sleep, like diversification, can be free risk management. I'm probably guilty of banging the drum on this but investors should remember that platforms hungry for order flow wave the 'democratization is good for all investors' flag proudly. But more access is not synonymous with better outcomes. Investors need to keep their eyes open. When markets nosedive, the colour red is not the true enemy – the alarmism and perceived time crunch is. Give your brain a little oxygen or adopt systems to avoid reflexive responses and the same loss that might have provoked a panicked sale might be avoided. Sometimes the smartest trade is no trade at all and the best circuit breakers may be the ones you install for yourself. Preet Banerjee is a consultant to the wealth management industry with a focus on commercial applications of behavioural finance research.
Yahoo
09-06-2025
- Business
- Yahoo
John Lewis to slim down staff committee to accelerate decisions
John Lewis is preparing to radically slim down an influential staff committee in a bid to accelerate decision-making. The retail giant will cut the size of its partnership council by a quarter from this autumn, meaning the number of staff sitting on the committee will fall from 57 to 43. It forms part of an attempt to bolster turnaround efforts at John Lewis, as bosses scramble to improve productivity. The partnership council is John Lewis's most senior staff committee and forms a crucial pillar of its democratic structure. Staff elected to the council can steer how the partnership is run, including holding regular votes on strategy and having the ability to change its constitution. They are also consulted on issues such as staff bonuses and have a small portion of the total budget to invest in wellbeing benefits. In extreme circumstances, they also have the power to dismiss the chairman. John Lewis is understood to have told staff the planned shake-up has been driven by the fact that its current structure 'relies too heavily on hierarchy and escalation'. Under the planned staff rethink, the partnership will also bring back local forums, which will allow staff across its Waitrose supermarkets and department stores to put forward their views. The changes will come into force from October. It comes as John Lewis kicks ahead with a turnaround push to return the business to 'sustainable' profits, after years of losing ground to rivals. The partnership lost money for three years in a row before returning to profit in 2023. In its most recent accounts for the year to the end of January, profits before tax and exceptional items jumped from £42m to £126m, while sales rose by 3pc to £12.8bn. Jason Tarry, who replaced Dame Sharon White as chairman last year, said John Lewis needed to focus on 'considerable catch-up investment in our stores and supply chain'. John Lewis said it reviewed its democratic model every three years when the council term concluded. A spokesman said: 'This will see a stronger focus on local forums to raise local partner opinion alongside a tighter partnership council to support faster decision making. 'The updates have been made in close consultation with our partners – and the power of our council, and the vital role it plays in governing our business remains unchanged.' Recently, the partnership has been facing mounting pressure to restore its staff bonus, which it axed to focus on improving stores and boosting pay rates. Last year marked the third consecutive year that staff did not receive their partnership bonus, and only the fourth time since 1953. In recent weeks, a petition on the campaign website Organise gained more than 4,000 signatures from workers past and present demanding the bonus be reinstated. A spokesman for John Lewis said: 'Our partners understand that we're focused on improving their base pay and investing to create a sustainable business. 'Our bonus remains an important feature of our employee-owned model, and we confirmed in March that we're determined to reinstate it as quickly as possible. We're proud of our unique benefits package and we want to do even to recognise our brilliant partners.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
