
Dave Smith PhD
Dave Smith PhD (d.d.smith @ mmu.ac.uk) is a HCPC registered Sport and Chartered Exercise Psychologist and a Senior Lecturer in Sport and Exercise Psychology at Manchester Metropolitan University. His interests include high intensity training, psychological skills training, and decision-making processes in sports.
Listen to Part 1-3:
232 – Dave Smith PhD – How to make Better Decisions in your Business (Part 1)
251 – Dave Smith PhD – How to Make Better Decisions in your Business and Life (Part 2)
314 – Dave Smith PhD – How to Make Better Decisions in your Business and in Life (Part 3)
In this episode, Dave Smith joins me for Part 4 of our Decision Making series to show you how to make better decisions in your life and business. He shares practical applications of luck vs. skill, the hindsight bias, the dangers of forecasting and prediction, ways to maximize success in an unpredictable future, and much more.
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Show Notes
- 2:47 – Practical applications of luck vs. skill
- 15:32 – Ways to maximize your chance of success in a competitive landscape
- 30:04 – Understanding hindsight bias, forecasting, prediction
- 51:12 – Beware of forecasting, The overconfidence bias
- 1:04:48 – Better decision-making for an unpredictable future
- 1:17:52 – Recommended resources
Selected Links from the Episode
- Just-world Fallacy
- Dragon’s Den
- Shark Tank
- Entrepreneurial Operating System (EOS)
- The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael Mauboussin
- Vietnam War
- American Civil War
- Battle of Fredericksburg
- Manchester United
- Kieser Training
- Gold’s Gym
- Equinox
- Life Time Fitness
- Snap Fitness
- Law of Category
- 315 – Mike Petrella and Michael Perilli – Does STG’s Colorado Experiment Create New Opportunities to Drive Client Results?
- The Colorado Experiment
- Hindsight Bias
- Back to the Future
- Jaws
- Schroders
- Tomorrow’s World
- The Music Lab
- X-Factor
- The Population Bomb by Paul R. Ehrlich
- Overconfidence Bias
- Optimism Bias
- fit20
- How to Decide: Simple Tools for Making Better Choices by Annie Duke
People Mentioned
- Michael Mauboussin
- Gen. Robert E. Lee
- Michael Petrella | Podcasts
- Daniel Kahneman
- Kevin Murphy
- Mike Mentzer
- Paul R. Ehrlich
- William Rees-Mogg
- Ray Dalio
- Nassim Nicholas Taleb
- Walter Vendel | Podcasts
- Annie Duke
- Luke Carlson | Podcasts
- Dr. Doug McGuff | Podcasts
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