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Instead of thinking about only the next decision you will make, think about all of the decisions you are going to make about the same options in the future.
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The right action can produce a bad outcome. Process is all we have control over, not results.
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When you are hiring, scouting houses to buy, options to consider â when should you stop looking?
You stop looking too early, you donât know if someone better isnât going to come along. You stop too late, you might have passed on the best candidate already.
Mathematically â you should stop looking after evaluating 37% of all the options youâre willing to look at. After the 37% option â if anything/anyone comes along who is better than everyone else before you should make the decision.
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When should you be exploring new options and when should you start settling for the best option you already know? Consider these concepts:Â
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Sorting is one of the most fundamental problems that computers are solving for us
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Is a crucial part of computers, human memory, as well as organizing data or your papers on your desk.
Ideally, you have a couple of different caches which are organized by category, so you shorten the path of access and
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The human mind does not run out of space, storage is unlimited, but the problem is one of organization. We have an infinite capacity for memories, but we have only a finite amount of time in which to search for them.
Researchers showed that by accumulating more knowledge, weâre getting slower at accessing it. Weâre not forgetting, weâre remembering â weâre becoming archives â which need organization and are hard to access.
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Seizing the day and seizing a lifetime are two entirely different endeavors.
When balancing favorite experiences and new ones, nothing matters more than the interval over which we plan to enjoy them. The interval makes the strategy.
By observing the strategy we can also infer the interval.
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Scheduling is a fundamental productivity problem.
School of thoughts:
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Too much information, options, and research are harmful.
There is wisdom in deliberately thinking less and settling for second-best solutions.
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Brian Christian, Tom Griffiths
greatergood.berkeley.edu
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