Final answer:
Accept responsibility for wrong decisions, admit mistakes, and take steps to avoid repeating them. Reflecting on past decisions and understanding cognitive biases can help improve future decision-making.
Step-by-step explanation:
When you realize you have made a wrong decision, it's important to admit your mistake, accept responsibility, and take steps to avoid repeating the error. Criticizing others, hiding the mistake from subordinates, or doing nothing further are not constructive responses and can undermine trust and hinder personal and professional growth.
Reflecting on a decision that was influenced by cognitive bias can reveal how irrational reasoning played a role. Taking time to think critically about the situation, using metacognition, and learning from the incident can help you make better decisions in the future. For example, had you not succumbed to confirmation bias in a past career decision, you might have sought out more diverse information, which could have led to a more positive outcome.
In summary, reflecting on past decisions shows the importance of understanding our cognitive biases and learning from mistakes. This reflection can lead to personal growth and improved decision-making. To avoid cognitive biases today, slow down, investigate sources, seek diverse opinions, and choose flexible approaches that recognize we live in an imperfect world.