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Mostly Fine Decision
To beat FOBO, find the Mostly Fine Decision. This is the outcome you’d be ok with, even if it’s not the absolute best possible one.
1.56K
8.51K reads
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What Causes F.O.B.O.
For F.O.B.O. to happen, you have to have multiple options. It is mostly a consequence of our world in which everything seems possible.
1.3K
10.5K reads
Thinking Like Venture Capitalist
For the important things you have to consider, think like a venture capitalist: jot down everything you can on the subject you're trying to decide on ( the pros, cons for example) and read it out loud.
This is almost like writing an investment memo for a V.C. investment: ...
1.47K
8.01K reads
Fear of Better Options (F.O.B.O.)
F.O.B.O is our inability to decide between different options all of which are decent. It can lead us to paralysis when we’re in the process of making a decision.
F.O.B.O. means obsessively researching every possible alternative, when faced with a decision, fearing we’ll mi...
1.83K
13.6K reads
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Mostly Fine Decision (MFD)
Your M.F.D. is the minimum outcome you’re willing to accept for a decision.
It’s the outcome you’d be fine with, even if it’s not the absolute best possibility.
Decision analysis
Decision making can be divided into three systems: Emotional, rational, and perceptual systems.
The rational model is one where the beliefs and desires are supposed to be determined, but decision analysis of the last thirt...
Decision Modeling
One needs to take into consideration that any risky decision has the probability of failure, keeping in mind the potential benefits of not reaching the goal.
The ideal decision model should:
- Calculate or research about the baseline likelihood of success.
- Take...
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