Most of us think that scalable ideas have some “silver bullet” feature, some quality that bestows a “can’t miss” appeal. That kind of thinking is fundamentally wrong. There is no single quality that distinguishes ideas that have the potential to succeed at scale from those that don’t.
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Economist John List is trying to start a scaling revolution. He discusses avoiding false positives, the cause of a given success and optimal quitting.
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The idea is part of this collection:
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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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No, we are not over yet. After discussing the topic with my friend’s Dad (he is a doctor), I’ve made a list of things you need to understand and avoid anxiety attacks (hard to breathe moments).
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