Learn more about leadershipandmanagement with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
- The best decision under risk is not the best decision under uncertainty.
- Heuristics are indispensable for good decision under uncertainty. They are not a product of a flawed mental system.
- Complex problems do not require complex solutions.
- More information, time, and computation is not always better. (Less is more)
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Risk VS Uncertainty
Risk- How should we make decisions when all relevant alternatives, consequences, and probabilities are known? This world requires statistical thinking. The think you would find spread on internet. "Write the pros and cons, weigh them and decide". our world is not of t...
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Risk and Uncertainty
People often confuse risk with uncertainty. But the terms "risk" and "uncertainty" do not refer to the same thing.
- Risk is precise and quantifiable.
- Uncertainty is when the underlying system is not understood.
...
Key Benefits Of OODA Loop
- Speed: Decisions and amendments are faster with the OODA loop. It is an essential mental toolbox and after practice, requires only a few seconds.
- Being comfortable with uncertainty: Uncertainty is part of life, and many decisions are made with inco...
Impact of Clear Thinking
A fighter pilot needs to make decision with incomplete information and lives on the line.
Clear thinking often beats talent. It’s better to exercise judgment to avoid situations that would require superior technical skills.
In today’s complex and interconnected world, a decision can ...
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