Wednesday, October 29, 2008
Watch out for your favorite career options
Make sure your eyes are open when making a career decision. It’s a long proven fact: we tend to disregard information that contradicts our perceptions or biases, and we welcome information that supports them. This prejudice exists whether you are choosing a career or trading in high-risk derivatives. See former Federal Reserve Chairman Alan Greenspan’s Congressional testimony last week.
Translated for the person choosing a career: watch out for your favorite career options, especially if you have little negative information about them. Avoiding the tendency to shut out contradictory information by following an eyes-open process to making a good career decision. We give you the tools for this process (all science based), including a Decision Balance Sheet and a real life example.
As I wrote before about negative career information, no career option is perfect. You just need to be prepared to deal with the “cons,” as well as celebrate the “pros.”
If only our financial gurus would make good decisions!