There has never been more data. Yet decision quality appears to be declining.
In this episode of The Just Great People Podcast, Barry Eustance is joined by Rick Leander to explore Decision Quality Under Uncertainty in a world shaped by AI, geopolitical instability and cognitive bias.
Rick draws on his background in international banking, fintech leadership and behavioural economics to unpack why most poor outcomes are not caused by external forces but by flawed decisions.
They discuss:
● Why confirmation bias is amplified by large language models
● The growing confusion between data, information and actionable intelligence
● How “noise” corrupts executive judgement
● The behavioural economics behind anchoring, sunk cost fallacy and groupthink
● Why most startups fail through decision error, not market conditions
The conversation also touches on how structured executive decision acceleration can improve clarity and confidence in senior teams without encouraging recklessness.
If you are a CEO, founder or board member navigating uncertainty, this episode provides practical insight into improving strategic decision making under pressure.
Barry's LinkedIn: https://www.linkedin.com/in/barry-eustance/
The Sixsess Consultancy - Executive Decision Acceleration (EDA): https://sixsess.org
Rick Leander's LinkedIn: https://www.linkedin.com/in/rcleander/
Timestamps
00:00 – Welcome and background
03:55 – Decision making in geopolitical uncertainty
06:11 – AI, confirmation bias and large language models
09:28 – Data vs information vs intelligence 14:28 – The realities of entrepreneurship
17:30 – Noise vs bias in executive decisions
20:30 – The devil’s advocate discipline
25:46 – Strong opinions loosely held
27:02 – Challenging untouchable assumptions
29:14 – Final reflections
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Barry
