When We Think Fast and Slow - Deepstash
Deep Dive Into The Fashion Industry

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Deep Dive Into The Fashion Industry

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When We Think Fast and Slow

When We Think Fast and Slow

We are always asking the question “what’s next” in our head. Our intuitive thinking aka “System 1” guides us for the actions we do repeatedly. Outcomes of these actions are mostly known. And then we come across situations where there are lots of unknowns. Be it a project you are starting out or a company you are investigating in for investment purpose, you want to forecast. We don’t want to jump into conclusion here.

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Inside View and Outside View

Inside view informs you about the capacity and resources you have while outside view takes you to a reference point (e.g. success rate of others in the same project with same level of capacity and resources) which gives you an indication of where the ballpark is. From there, you can take your for...

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