The 4 Key Components of the Art of Decision Making - Deepstash

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HUFFINGTONPOST

The 4 Key Components of the Art of Decision Making

The 4 Key Components of the Art of Decision Making

huffingtonpost.com

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The Art of Decision-making:

  1. Get 1% smarter every day;
  2. Focus on things that don’t change or change very slowly over time  and master the principles;
  3. Focus on acquiring multidisciplinary knowledge;
  4. Build a toolkit of mental models so that you can better understand ...

Decision-making cascades 

... through everything you do. That's the power of compounding. If you get 1% better at understanding how the world works, how human behavior works, how economic systems function, and understanding your own brain — that 1% improvement impacts everything you do. 

Study things that never change

The best kind of knowledge is not ephemeral junk , that will be useless in a few years, but the core pillars of human knowledge and the major academic disciplines. That knowledge changes very slowly over time  and it’s a core foundation that you can build upon and grow from. 

Multidisciplinary knowledge is key

Being multidisciplinary means collecting knowledge from lots of different disciplines and areas of life and building an approach to understanding the world that integrates all that knowledge into a cohesive framework, to face reality in all its complexity.

Strategies for making better decisions:

  1. Checklists: a vital tool to get out of your own head and make sure you haven’t missed anything.
  2. Decision Journals: make your thought process clear and reduce cognitive biases.

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