Using data to disrupt your brain
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The document discusses cognitive biases that impact product management, categorizing key problems into alignment, estimation, vanity, and opportunity, along with potential solutions for each. It emphasizes the need to mitigate biases like confirmation bias and the planning fallacy while advocating for strategies such as OKRs and A/B testing. The author also references various mental models and resources to aid product decision-making.
![DRE = (Total defects found in development [A]/ (Total defects found in
development[A] + Defects found in production [B] )) x 100](https://image.slidesharecdn.com/usingdatatodisruptyourbrain-160925005257/85/Using-data-to-disrupt-your-brain-18-320.jpg)
Using data to disrupt your brain
- 1. DISRUPT YOUR BRAIN WITH DATA
- 2. LinkedIn, Medium & Twitter: @laurex LAURE PARSONS SENIOR PRODUCT MANAGER
- 3. 1. WHAT’S WRONG WITH OUR THINKING? 2. FOUR PRODUCT PROBLEMS & SOLUTIONS • ALIGNMENT • ESTIMATION • VANITY • OPPORTUNITY
- 4. @laurex SYSTEM 1 & SYSTEM 2
- 5. Acquiescence bias Adaptive bias Affect heuristic Ambiguity effect Anchoring Anthropic bias Apophenia Attentional bias Attitude polarization Attribute substitution Attributional bias Availability heuristic Bandwagon effect Base rate fallacy Bias blind spot Bias of an estimator Closed world assumption Clustering illusion Cognitive bias mitigation Cognitive closure Confirmation bias Conjunction fallacy Contrast effect Cultural bias Default standard unit bias Deindividualisation Delay discounting Disconfirmation bias Dr. Fox Effect Dunning–Kruger effect Egocentric bias Emotional forecasting Empathy gap Endowment effect Error management theory Exaggeration Experimenter effect False-consensus effect False-consensus effect False memory syndrome Familiarity heuristic Forer effect Framing effects Functional fixedness Fundamental attribution error Gambler's fallacy Generation effect Group attribution error Group-serving bias Groupthink Halo effect Hindsight bias Hostile media effect Illusion of asymmetric insight Illusion of control Illusion of transparency Illusory correlations Illusory superiority Illusion of control Illusion of transparency Illusory correlations Illusory superiority Impact bias Implicit cognition Ingroup bias Inductive bias Introspection illusion Isolation effect Just-world hypothesis Lake Wobegon effect Loss aversion Magical thinking Mere-exposure effect Mindset Minimization Misinformation effect Name–letter effect Negativity bias Negativity effect Neglect of probability Notational bias Oedipus effect Optimism bias Pareidolia Partisan effect Pessimism bias Physical attractiveness stereotype Picture superiority effect Planning fallacy Positive illusions Positivity effect Primacy effect Projection Publication bias Recency effect Regression fallacy Repetition bias Response bias Rosy retrospection Selective perception Self-deception Self-serving bias Serial position effect Social comparison bias Spacing effect Status quo bias Subject-expectancy effect Subjective validation Sunk cost fallacy Trait ascription bias True-believer syndrome Univariate bias Valence effect Wishful thinking Worse-than-average effect Zeigarnik effect COGNITIVE BIASES
- 6. Acquiescence bias Adaptive bias Affect heuristic Ambiguity effect Anchoring Anthropic bias Apophenia Attentional bias Attitude polarization Attribute substitution Attributional bias Availability heuristic Bandwagon effect Base rate fallacy Bias blind spot Bias of an estimator Closed world assumption Clustering illusion Cognitive bias mitigation Cognitive closure Confirmation bias Conjunction fallacy Contrast effect Cultural bias Default standard unit bias Deindividualisation Delay discounting Disconfirmation bias Dr. Fox Effect Dunning–Kruger effect Egocentric bias Emotional forecasting Empathy gap Endowment effect Error management theory Exaggeration Experimenter effect False-consensus effect False memory syndrome Familiarity heuristic Forer effect Framing effects Functional fixedness Fundamental attribution error Gambler's fallacy Generation effect Group attribution error Group-serving bias Groupthink Halo effect Hindsight bias Hostile media effect Illusion of asymmetric insight Illusion of control Illusion of transparency Illusory correlations Illusory superiority Impact bias Implicit cognition Ingroup bias Inductive bias Introspection illusion Isolation effect Just-world hypothesis Lake Wobegon effect Loss aversion Magical thinking Mere-exposure effect Mindset Minimization Misinformation effect Name–letter effect Negativity bias Negativity effect Neglect of probability Notational bias Oedipus effect Optimism bias Pareidolia Partisan effect Pessimism bias Physical attractiveness stereotype Picture superiority effect Planning fallacy Positive illusions Positivity effect Primacy effect Projection Publication bias Recency effect Regression fallacy Repetition bias Rosy retrospection Selective perception Self-deception Self-serving bias Serial position effect Social comparison bias Spacing effect Status quo bias Subject-expectancy effect Subjective validation Sunk cost fallacy Trait ascription bias True-believer syndrome Univariate bias Valence effect Wishful thinking Worse-than-average effect Zeigarnik effect
- 9. -Ronald Coase, Economist TRUTH If you torture the data long enough, it will confess. @laurex
- 14. BANDWAGON EFFECT + The False Consensus Effect @laurex
- 16. SOLUTION @laurex
- 17. OKRS @laurex
- 18. DRE = (Total defects found in development [A]/ (Total defects found in development[A] + Defects found in production [B] )) x 100
- 19. TEAM POLLING
- 20. CUSTOMER DATA
- 25. SOLUTION @laurex
- 26. @laurex VELOCITY
- 37. SOLUTION @laurex
- 42. LOSS AVERSION + The Sunk Cost Fallacy @laurex
- 45. SOLUTION @laurex
- 46. USER RESEARCH Resist Confirmation Bias by asking open-ended questions Combat Narrow Framing by using “and” instead of “or” Test Reality by finding out what users are doing now and A/B test to see if your hypotheses are correct @laurex
- 47. Teresa Torres- http://producttalk.com OPPORTUNITY DECISION TREE
- 48. A/B TESTING
- 49. @laurex MVP
- 50. RESOURCES Thinking Fast & Slow - Daniel Kahneman Decisive, Made to Stick- Chip & Dan Heath Mental Models I Find Repeatedly Useful - Gabriel Weinberg OKRs: Getting Started Guide for Teams The Four Villains of Product Management Four steps to more Decisive product decisions Gib Biddle on Netflix Product Strategy Why This Opportunity Solution Tree is Changing the Way Product Teams Work -Teresa Torres Spurious Correlations @laurex
- 51. YOUR THOUGHTS?