deepstash

Beta

Regret Minimization Framework - AgileLeanLife

Jeff Bezos's Regret-minimization framework

Jeff Bezos's Regret-minimization framework
Project yourself forward to the age of 80. Looking back on your life, you want to minimize the number of regrets. 

Thinking about your potential regrets give you clarity. It also helps you to remove a few pieces of confusion in the present caused by alternative paths. It helps you make the right decision more easily.

57 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Regret Minimization Framework - AgileLeanLife

Regret Minimization Framework - AgileLeanLife

https://agileleanlife.com/regret-minimization-framework/#

agileleanlife.com

1

Key Idea

Jeff Bezos's Regret-minimization framework

Project yourself forward to the age of 80. Looking back on your life, you want to minimize the number of regrets. 

Thinking about your potential regrets give you clarity. It also helps you to remove a few pieces of confusion in the present caused by alternative paths. It helps you make the right decision more easily.

EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Jeff Bezos

"We are stubborn on vision. We are flexible on details ". 

Jeff Bezos

10/10/10 Rule

Before making a decision, considers how you’ll feel about this decision in 10 minutes, 10 months, and 10 years.

It’s easy to make short-term decisions that may be beneficial 10 minutes...

Pareto’s Law

In anything we do, there’s always ~20% of activities that will deliver 80% of our desired results.

It’s easy to be wrapped up in ‘busy’ work without ever getting anything done. Pareto’s Law is a useful mental model to be more effective, rather than just be efficient.

Parkinson’s Law

Work expands so as to fill the time available for its completion. So try placing artificial time limitations.

If we’re given three hours to complete a task that normally would take an hour, we’ll find a way to fill those three hours. However, when we’re down to the final thirty minutes, we’re suddenly feeling the pressure to get things done. 

Quit When...

  • You're consistently experiencing more frustration than reward.
  • You can't envision a possible solution or continuing this way.
  • Spending time on this keeps you from more rewardin...

Before You Call It Quits

  • Make sure you've identified the real causes of your unhappiness. Keep a diary of events and problems.
  • Give it a chance. Many things, like diets, require time to work out.
  • Try many other solutions.
  • Have a backup plan. Know what you're going to do if you quit and what you need to do to prepare for that.