Decision-Making

---

title: Decision-Making

Principles

• Do not take rushed decision (if decision requires you to be rushed and you can avoid taking the decision, avoid it)

• ·Distinguishing what action is coming from the mind and what from the body

  • Not necessarily judging either as better
  • Knowing what’s coming from where can help with decisions

• Decision Journals help us mitigate some of the biases in our decisions

  • narrating self and experiencing self

• Look to falsify the beliefs you hold to be true to counter the Confirmation Bias

  ”If that’s not the way you are thinking you will not be successful, except by accident” - Annie Duke

  • Looking for the things we don’t know can help us to deal with both of our information issues
    • The Information we have is limited and often wrong
  • Falsifiability

• Keep in mind Cognitive Bias

Good Decisions vs Good Outcomes

• The two things are very different
  • We cannot assess decision quality objectively
    • Instead, we can assess the outcome of that decision
    • The problem is that we tend to mistake a good outcome with a good decision and viceversa

Frameworks

• Hell Yeah or No vs. just say yes
• the map is not the territory - misplaced concreteness -
• What you want now vs what you want most
• Collective Decision-Making
  • Consensus
  • Consent
  • Mandate
  • Advice
• Robust Decision Making Under Deep Uncertainty

Heuristics

• Affect
  • Letting one’s emotions significantly impact the decision
  • Researchers have found that when you are in a positive emotional state, you are more likely to perceive an activity as having high benefits and low risks
    • If your emotional state is negative, on the other hand, you are more inclined to see the activity as being low in benefits and high in risk.

---

Created on: 2020-10-20 Related: Podcast Notes - Annie Duke – How to Decide (EP.22) | 010 Mind MOC

MOC