Knowledge at Wharton: Making a Big (or Small) Decision? How Meditation Can Help

We would like to share new evidence that mindfulness can improve decision-making. This article is from Knowledge @ Wharton.

Making a Big (or Small) Decision? How Meditation Can Help

May 27, 2014 Research North America

Forget the past. Ignore the likely future. Just spend a few minutes concentrating on your breathing, and focus on the task at hand.

The advice is almost too simple to believe. But according to new research co-authored by Wharton management professor Sigal Barsade, if followed, it could save time and money for everyone — from a consumer searching for a new car all the way to the head of a billion-dollar corporation.

Barsade, Andrew C. Hafenbrack and Zoe Kinias — both with the department of organizational behavior at INSEAD — are the authors of “Debiasing the Mind through Meditation: Mindfulness and the Sunk-Cost Bias.” The paper, published in Psychological Science, explores how short meditation sessions can reduce the likelihood that decisions will be made based on information from the past that should have no bearing on the choice at hand.

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Written by duecalmclarity

Due Quach (pronounced “Zway Kwok”) is the founder of Calm Clarity, a social enterprise that uses science to help people across the socioeconomic spectrum master their minds and be their best self. A refugee from Vietnam and graduate of Harvard College and the Wharton MBA Program, Due overcame the long-term effects of poverty and trauma by turning to neuroscience and meditation. After building a successful career in management consulting and private equity investments, she created Calm Clarity to help more people overcome adversity and unlock their potential. Calm Clarity creates social impact by using revenues from corporate training services to deliver the same high quality training to disadvantaged groups such as low-income first-generation college students and inner city teenagers.

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