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Well known author returns the advance

Well known author returns the advance

You are the CEO of a publishing house. Your organization gave an advance of $200K to a well known author for writing a book.
The author completes the manuscript and submits for publishing. You like the draft but would prefer to publish a shorter version only.
You request the author to cut the number of pages to half since larger volume are not popular. The author refuses to oblige and offers to return the adance.
As a publisher, what will you do?
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The mistakes we make in our everyday life

We human beings engage in thinking and decision making in our daily life. It is our ability to solve problems and choose the best course of action, which leads to better outcomes. But we also make systematic errors when we think and at times we don’t even realize. We fail to think clearly because of our emotions such as anger or fear and this leads to wrong decision making as well as avoidable harm.

These systematic errors are known as biases. We can learn, understand to notice these biases within us and around us. Once we know, then we can also take action to avoid these biases, prejudices and beliefs and act to avoid the harm. Biases are systematic and predictable errors we make.