They help you learn when to reverse a decision.
Stopping rules are particularly critical in situations when people tend to double down on a losing hand.
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Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
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Similar ideas to Stopping rules for better decisions
They guide the choice of what to do (and not do) without requiring a lot of time, analysis, or information.
They work well for categorical choices, like a judge’s yes-or-no decision on a defendant’s bail, and decisions requiring many potential opportunities to be screened quickly.
They rank options to help decide which of multiple paths to pursue.
They are especially powerful when applied to bottleneck activities - pinch-points in companies, where the number of opportunities swamps available resources, and prioritizing rules can ensure that these resources are...
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