The secret to high-voltage scaling is understanding when to quit. People generally don’t quit soon enough.
Usually, when someone wants to quit, it is because something went wrong. But, you should think more about the opportunity I’m giving up if I stick with it. If the opportunity changes for the better, I should quit more often.
If you’re considering quitting, force yourself to compare your performance with your peer group. Consider if you have a comparative advantage in this particular activity.
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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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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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