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Making Smart(er) Decisions And Avoiding Bad Ones

https://fs.blog/smart-decisions/

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Making Smart(er) Decisions And Avoiding Bad Ones
I was two weeks into my job at an intelligence agency on September 11, 2001 when the world suddenly changed. The job I had been hired to do disappeared. I had a computer science degree; I came from a world of 1s and 0s, not people, families, and interpersonal dynamics.

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Mental models

Mental models

They are chunks of knowledge that can be simplified and applied to better understand the world, by identify what information is relevant in any given situation, and the most reasonable parameters to work in. 

Mental models simplify complex processes.

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Reasons we fail to make the best decision possible

 Reasons we fail to make the best decision possible
  • We’re (sometimes) stupid: irrational, tired or distracted;
  • We have the wrong information;
  • We use the wrong model;
  • We fail to learn;
  • We go with what's easy over what's right. 

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SIMILAR ARTICLES & IDEAS:

You are the sum of your decisions

A few major decisions determine a good portion of how our lives, careers, and relationships turn out. The outcomes of these decision points will reverberate for years.

Even smal...

Why We Make Poor Decisions

  • We’re not as rational as we think. 
  • We’re not prepared. We don’t understand the invariant ideas — the mental models — of how the world really works. 
  • We don’t gather the information we need. We make decisions based on our “guts” in complex domains that require serious work to gather all the needed data. 

The World Is Multidisciplinary

We live in a society that demands specialization. Being the best means being an expert in something.  A byproduct of this niche focus is that it narrows the ways we think we can apply our knowledge without being called a fraud.

We should apply all the knowledge at our disposal to the problems and challenges we face every day.

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Mental Models

The way you look at how something works in the real world is called a mental model. It’s your thinking framework about something.

But when we make decisions, we often don’t think about our fr...

Overlooking Failure

Societies with a bias towards success, that are idolizing of successful people usually overlook the decisions that led to failure.

We tend to overlook cases that did not come with a successful outcome. And when we do look at failure, we are often quick to explain why things failed.

Fyodor Dostoevsky

Fyodor Dostoevsky

“Everything seems stupid when it fails.”

Personal Or Core Values

They are what you consider most important in your life, literally what you “value. ” They are broad concepts that can be applied across a wide range of circumstances, as opposed to narrow answers t...

The Benefits Of Having a Core Value

  • Having a core values list helps you make better decisions. The decisions you make come more quickly and efficiently than they would without it.
  • Being unconscious of your core values makes you likely to keep repeating the same mistakes.

Creating a List Of Personal Values

The core values that are most valuable to each of us come from our own personal experience, not from being taught.

As you put them into practice you’ll get better at internalizing these values and they’ll express themselves subconsciously with smaller decisions, as well.