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“Well-calibrated confidence is the map that can guide your life choices about what to undertake.”
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“Being able to explain the basis for your confident beliefs will make them more persuasive to others.”
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Overconfidence and underconfidence are common and problematic. To calibrate them, weigh seven factors.
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“Honest, constructive feedback is so valuable that there’s only one way to respond: ‘Thank you’. ” (Rich Lyons, former dean of the Haas School of Business, UC Berkeley)
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“Others’ disagreement is…a gift of great value, but it is not always easy to appreciate it.”
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“Honestly communicating the real uncertainty about uncertain things is a viable strategy for aspiring leaders.”
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To improve your predictions, ask other people whether they think something will happen and have them estimate the odds that they’re right. This works best with people trained how to see and measure uncertainty. Thinking through the likelihood of various outcomes and considering what happened in t...
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“Although it can be painful to admit that your critics are right, confronting our imperfections opens the way to improvement.”
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“When a company is formulating strategy, it is useful to consider critiques, problems and likely reasons for failure.”
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IDEAS CURATED BY
How to Calibrate Your Decisions Wisely
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Other curated ideas on this topic:
With infinite options come increased choices. More choices mean more decisions. However, choice overload makes you question your decisions. This leads to decision fatigue and can cause you to get stuck in negative cycles. You may constantly question the dec...
Identity is mainly concerned with the question: “Who am I?” What does it mean to be who I am?
Identity relates to the values that guide the choices we make (relationships, career, etc.). These choices reflect who we are and what we value.
Strategy is the overarching plan or set of goals. Tactics are the specific actions or steps you undertake to accomplish your strategy.
A personal strategy might be to get into a particular career, whereas your tactics might include choosing your educational path, seeki...
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