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)
• 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 -menu is not the food-
• [[ What you want now vs what you want most ]]
• Collective Decision-Making
  • Consensus
  • Consent
  • Mandate
  • Advice

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