Stopping rules for better decisions - Deepstash
Stopping rules for better decisions

Stopping rules for better decisions

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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MORE IDEAS FROM Simple Rules: How to Thrive in a Complex World

Prioritizing rules for better decisions

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 deployed where they can have the greatest impact.

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Boundary 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. 

These rules also come in handy when time, convenience, and cost matter.

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They are shortcut strategies that save time and effort by focusing our attention and simplifying the way we process information. The rules aren’t universal- they’re tailored to the particular situation and the person using them.

We use simple rules to guide decision making every day.

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RELATED IDEA

We all feel the oppressive presence of rules. We think rules are hampering our freedom and argue that they should be broken.

It is not really the rules that are the problem, but the unjustified ones.

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Make all important & difficult decisions on paper

It relieves pressure from the situation and allows your mind to focus on the task at hand, rather than spiraling into self-doubt and second-guessing.

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There are a number of problems that can prevent effective decision-making. These include:

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