The Inside and Outside View - Deepstash
How To Become a Better Decision-Maker

Learn more about psychology with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

How To Become a Better Decision-Maker

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The Inside and Outside View

The Inside and Outside View

We sometimes make bad decisions because we are too much into the weeds in our head. There are 2 main views we hold:

  • The inside view - our evaluation of our specific situation.
  • The outside view - how things generally unfold in situations like ours.

The outside view is more accurate, but most people gravitate toward the inside view.

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CHIP HEATH, DAN HEATH

The future is not a “point”—a single scenario that we must predict. It is a range. We should bookend the future, considering a range of outcomes from very bad to very good.

CHIP HEATH, DAN HEATH

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CHIP HEATH, DAN HEATH

Sometimes we think we’re gathering information when we’re actually fishing for support.

CHIP HEATH, DAN HEATH

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Wide your Options withe Multitracking

Wide your Options withe Multitracking

Focusing is great for analyzing alternatives but terrible for spotting them. When we focus we sacrifice peripheral vision.

Multitracking involves considering several options simultaneously. Multitracking has another advantage too, one that is more unexpected. It feels better.

...

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The Four Villains Of Decision Making

The Four Villains Of Decision Making

When we make bad decisions is usually because of these 4:

  • Narrow framing: the tendency to define our choices too narrowly, to see them in binary terms.
  • Confirmation bias: we are more likely to select the information that supports our preexistin...

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Consider the Opposite

Consider the Opposite

  • Studies found that the confirmation bias was stronger in emotion-laden domains such as religion or politics and also when people had a strong underlying motive to believe one way or the other.
  • Confirmation bias increases when people have previously invested a...

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The WRAP Model for Better Decision Making

It describes the process that “wraps” around your usual way of making decisions, helping to protect you from some of the villains and biases related to decision making:

  • Widen your options.
  • Reality-test your assumptions.
  • A

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The 10/10/10 Technique

The 10/10/10 Technique

To use 10/10/10, think about your decisions on three different time frames: How will I feel about it 10 minutes from now? How about 10 months from now? How about 10 years from now?

Conducting a 10/10/10 analysis doesn’t presuppose that the long-term perspective is the right...

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Emotional decision failure

Emotional decision failure

Our decisions are often altered by two subtle short-term emotions:

  1. mere exposure to things we are used to: we like what’s familiar to us
  2. loss aversion: losses are more painful than gains are pleasant.

Loosing sucks and we subconscio...

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CURATED FROM

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evan_yy

You say problem, I say challenge.

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Improving the inside view

Wisdom is gained from experience. But our experience is also very narrow and a fragment of the possible lives we could have lived.

  • We can broaden our range of experience by trying a bunch of things. While this may sound silly to someone who is struggling, it is often...

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