From the course: Analytical Thinking to Evaluate Conclusions

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Identify assumptions

Identify assumptions

From the course: Analytical Thinking to Evaluate Conclusions

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Identify assumptions

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Before I founded Applied Curiosity Lab, I spent many years as a real estate broker. Analyzing why a property wasn't selling was part of the job. And with my background as a fashion buyer, I thought I had it all figured out. I was used to spotting trends and making decisions based on consumer behavior. But early on, I learned from a more experienced and wiser broker that the real key to success lies in evaluating conclusions, not just drawing them. And one of the first and most important steps in evaluating conclusions is identifying the assumptions that underpin them. Rob's home had been for sale for months when he approached me about taking over the marketing. He wanted to know why his home wasn't selling. I compared Rob's home with other properties for sale and those that had recently sold in his neighborhood. A comparative market analysis like this is generally the first step. Rob's house was priced a bit higher, so I was tempted to think that Rob's price was too high. But…

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