There have been thousands of scholarly articles written about the myriad benefits of meditation, but the one I came across recently was one of the first that confirmed one of my previously held beliefs: meditation helps you make better decisions.
The thing that struck me most about this study were the similarities to an experiment I conducted (on intuition and decision-making) as a research assistant. I had a condition where students would meditate for a short time and then use their intuition to make decisions. The results weren’t as I, (the research assistant I was working nor the professor), had hoped. I wrote it off as the the reluctance of undergraduates to meditate, but in this study, in particular, studies 2a and 2b, the researchers used undergraduates (approximately 200 combined) and they meditated!
In the second study, the researchers had the undergraduates listen to a 15-minute audio track, which was was specifically designed for this study. In one condition, students listened to a mindfulness meditation created by a professional mindfulness-meditation instructor and in the other, the students listened to a track, again, by a professional mindfulness-meditation instructor, that continuously instructed students to think about whatever came to mind. This second condition was called the “mind-wandering” condition and previous research used a similar method as a control for mindfulness experiments.
As I already mentioned in the opening paragraph, the researchers found that increasing mindfulness (i.e. meditation) reduced the effects of cognitive biases (i.e. the sunk cost fallacy). My favourite part of this study [Emphasis added]:
It is particularly notable in this set of studies that increased resistance to the sunk-cost bias occurred after only a brief recorded mindfulness-meditation induction. Many prior mindfulness-meditation interventions have involved 8 weeks of face-to-face training (Brown & Ryan, 2003); by comparison, our 15-min recorded manipulation is substantially more practical.
Many people have gotten it into their heads that the positive effects of meditation takes weeks to manifest. Here is tangible proof that — today — meditation can help you make better decisions. Also:
We also encourage research investigating how mindfulness practice might improve other decision-making processes and outcomes.
Absolutely! I would suspect that meditation would help guard against a whole host of other cognitive biases, but it would be fantastic if there were scientific evidence to back this up. For instance, years ago when I was the president of the student body, I once tried to begin a general assembly meeting with a quick 1-minute meditation, but the maturity level just wasn’t there. Even after 10 seconds, some of the representatives couldn’t handle the silence. I take the blame for that as I probably didn’t do the method justice by properly introducing it with the research. Can you imagine, if, before every semi-major decision, you took 10, 5, 2, or even 1 minute just to sit still and clear your mind of the previous discussion. I wonder how much lost revenue there is from not taking a moment to pause and reflect before a decision is made.
I should say, I’m sure that there is certainly time between major decisions (i.e. mergers & acquisitions, although, there is fascinating research on how big of a failure those can be), but I’m thinking about the mid-level manager who makes many decisions in a day that can affect the bottomline of a company. The managers that make quick decisions about whether to go with this contract or that contract, whether to make this purchase or that purchase. Maybe that’s a good place to start with more research.
A. C. Hafenbrack, Z. Kinias, & S. G. Barsade (2013). Debiasing the Mind Through Meditation: Mindfulness and the Sunk-Cost Bias Psychological Science DOI: 10.1177/0956797613503853
Jeremiah Stanghini 
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