MBA Insights

By: MBA Insight Collective
  • Summary

  • Dive into real scripts from the world’s leading MBA programs. MBA Insights brings you authentic lessons, from finance fundamentals to strategic marketing and leadership ethics, as taught in top 100 business school. Each episode distills high-level concepts, case studies, and actionable insights, making elite business education accessible and practical. Elevate your career with knowledge straight from the world’s best business schools — without the tuition fees.
    MBA Insight Collective
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Episodes
  • Organizational Behavior #05: How Our Brain Makes Sense of the World
    Nov 17 2024

    In this episode, we dive into the fascinating ways our brain processes information and makes sense of the world, inspired by Daniel Kahneman's insights in "Thinking, Fast and Slow." We start by exploring associative coherence, where ideas in our brain are interconnected, triggering related thoughts through a process called priming. This unconscious activation can influence behavior, such as feeling more self-reliant after reminders of money or favoring school funding when voting in a school.


    We also discuss how surprises occur when events challenge our expectations, prompting our brain to detect abnormalities. The brain uses shortcuts to make sense of anomalies, sometimes missing meaning errors, like interpreting "They buried the survivors of the plane crash" without surprise. This highlights the blend of message-level and heuristic analysis our brain uses to interpret language.

    Moving to causal thinking, we uncover how our minds naturally create stories to explain events, often inferring intent even in inanimate objects. This tendency, while adaptive, can lead us to overinterpret situations. System 1, our fast, intuitive thinker, constructs these narratives and jumps to conclusions based on limited information—a helpful trait but one that can lead to errors.

    The halo effect and positive testing strategies further demonstrate our brain’s bias toward confirming existing beliefs, impacting how we perceive others. The principle What You See Is All There Is (WYSIATI) describes our reliance on readily available information, sometimes leading to skewed judgments when we overlook alternative perspectives.

    Though System 2 can exert cognitive control, even our rational thoughts are shaped by System 1’s biases. This episode unpacks the strengths and limitations of these mental processes, helping us understand how awareness of these biases can improve our decision-making. Tune in for an eye-opening look at how our brain’s sense-making tools shape our judgments and interactions with the world.

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    20 mins
  • Organizational Behavior #04: System 1 & System 2 Thinking
    Nov 16 2024

    In this episode, we dive into the fascinating concept of System 2, as described in Daniel Kahneman's influential book "Thinking, Fast and Slow." System 2 represents the part of our brain responsible for effortful thinking—tasks that require focus, deliberate thought, and self-control. It handles everything from complex calculations to evaluating logical arguments. But here’s the catch: System 2 is inherently lazy and follows what Kahneman calls the "law of least effort."

    We’ll explore how System 2’s preference for shortcuts affects our everyday decision-making, often allowing System 1, our fast and intuitive thinking system, to take over. This is evident in examples like the "bat and ball" problem, where many people quickly respond with an intuitive but incorrect answer because System 2 avoids the extra work of checking the math. Similarly, System 2 tends to accept plausible conclusions without examining their validity, especially in situations involving logical syllogisms.

    This tendency of System 2 to "check out" can leave us more susceptible to cognitive biases and errors, particularly under stress or cognitive load. When System 2 is tired or occupied, System 1 steps in, leading us to make impulsive or flawed decisions based on gut reactions rather than reasoned thought.

    However, Kahneman’s research also provides hope: with practice, we can train System 2 to be more vigilant. By practicing mindfulness, actively questioning our intuitive responses, and challenging ourselves to engage in deeper thinking, we can reduce errors and make more thoughtful decisions.

    Tune in to this episode to gain insight into the dual-process theory of the mind, understand how System 2’s "laziness" shapes our judgments, and discover strategies to strengthen your mental effort for more accurate and reliable decision-making.

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    13 mins
  • Organizational Behavior #03: Thinking, Fast and Slow
    Nov 15 2024

    In this episode, we explore the groundbreaking two-system model of the mind introduced in Daniel Kahneman's "Thinking, Fast and Slow." This framework explains how we think and make decisions through two distinct systems: System 1, the intuitive thinker, and System 2, the effortful thinker.

    System 1 operates automatically and effortlessly, handling quick judgments, emotional reactions, and simple tasks. It’s always active, offering fast responses and instincts based on memory associations. In contrast, System 2 takes on complex, deliberate thinking tasks, requiring focus and energy to solve problems, evaluate arguments, and monitor our behavior. While System 2 can intervene when System 1 encounters challenges, it prefers to conserve energy, often resulting in shortcuts and potential errors.

    We also discuss how these systems interact, sometimes clashing—such as when System 1 misperceives a visual illusion despite System 2's knowledge of reality. This dual-process model reveals both the strengths and biases inherent in our thought processes and highlights the role of reasoned decision-making. Tune in to understand how this two-system view shapes everything from daily choices to complex judgments, providing valuable insights into human behavior and cognitive bias.

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    29 mins

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