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How to align stakeholders
Best practices in product management leadership
How to create value together
The 37%
Mathematics dictates that you should take 37% of the time or options you have to simply look and after that, you should commit to the first option that is better than everything you’ve seen so far.
That’s the point at which you have the highest chance—in a display of mathematical symmetry, it’s a 37% chance—of making the best choice.
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MORE IDEAS ON THIS
Avoid making bad snap decisions
- Successful decision-making relies on a balance between deliberate and intuitive thinking.
- Opt for less information; stick to only what is essential. We may feel more confident when doing a lot of research, but this could lead to indecision and analysis paralysis.
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Pros-and-cons lists are flawed
There are a few biases they don't address:
- Narrow framing: the tendency to view an option as your only option.
- Confirmation bias: our tendency to gather the information that supports our preferred option.
- Short-term emotion: our tendency to have our...
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885 reads
Deciding how to decide
Take into considerations these things:
- Intuition is best used by experts, not novices.
- Algorithms are better at decisions than the human brain.
- Take your time (but not too much of it).
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Actively managing delay
- Find out how much time you have to make the decision.
- Wait as long as possible to choose. By giving yourself extra time, you have more opportunities to explore your options and gain valuable insight.
This works best if you're a novice, as an expert generally won’t need to...
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The WRAP technique for decision making
- Widen your options: challenge yourself to consider alternatives.
- Reality-test your assumptions: run small experiments so you can know rather than predict which decision will work best for you.
- Attain distance before deciding with the try the 10/10/10 approac...
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Making snap judgments
Snap judgments are most accurate if these things are present: experience and expertise. In other words, we must train our intuition.
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The brain when we make decisions
The 2 systems of the brain that wok during decision making:
- System 1 is automatic and quick (like "something feeling off").
- System 2 is deliberate and slow (like an algorithm).
At times, these systems are at odds with each other, but research shows it's always best ...
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CURATED FROM
CURATED BY
A lot of problems would disappear if we talked to each other more than talking about each other.
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Tony Robbins' process to make the best decision
- Get clear on your outcomes.
- Write down all of your options, including those that initially may sound far fetched.
- Know the pros and cons of every option listed.
- Evaluate your options, review the consequences and eliminate according...
The Choice Mindset
Rather than getting influenced by the limited set of options provided to you by the other party (which tricks you into a vortex of limited options), it is better to adopt a choice mindset. One has to let go of the internal limitation of having no choice (which is an illusion, of course). There is...
Gauge symmetry
From the 1950s, invariances took on a life of their own. New symmetries, known as "gauge" invariances, became productive by requiring the existence of everything from W and Z bosons to gluons.
Gauge symmetry dictates what other ingredients you have to introduce. Gauge symmetries d...
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