Many of our day to day decisions are driven by a very efficient system that combines pattern recognition with emotional tagging. This allows us to make quick decisions without taxing our System 2, but it makes us vulnerable to emotional bias.
When making an important decision, it is important to be aware of our emotional biases, but it requires self-reflection and retrospection, and we have many blind spots when it comes to our own biases.
In business, it is critical to place safeguards to systematically protect an organization against its leaders’ emotional biases.