Simple Rules: How to Thrive in a Complex World - Deepstash

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Simple Rules: How to Thrive in a Complex World

fs.blog

They are shortcut strategies that save time and effort by focusing our attention and simplifying the way we process information. The rules aren’t universal- they’re tailored to the particular situation and the person using them.

We use simple rules to guide decision making every day....

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Boundary rules for better decisions

They guide the choice of what to do (and not do) without requiring a lot of time, analysis, or information. 

They work well for categorical choices, like a judge’s yes-or-no decision on a defendant’s bail, and decisions requiring many potential opportunities to be screened quick...

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Prioritizing rules for better decisions

They rank options to help decide which of multiple paths to pursue.

They are especially powerful when applied to bottleneck activities - pinch-points in companies, where the number of opportunities swamps available resources, and prioritizing rules can ensure that these resources are...

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Stopping rules for better decisions

They help you learn when to reverse a decision.

Stopping rules are particularly critical in situations when people tend to double down on a losing hand.

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