Decision Modeling - Deepstash
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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:

  1. Calculate or research about the baseline likelihood of success.
  2. Take a self-assessment of one’s own ability.
  3. Take into account the situation where the results of the decision are less than required.
  4. Take into consideration the opportunity cost.
  5. Ask oneself if the activity being undertaken is providing joy even without any outcome.

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Risk As A Way Towards Growth

Taking risks is a way towards potential growth, even if it is not according to the original plan.

When entrepreneurs fail at their startup, a large chunk of them still benefit by:

  • New connections and friendships
  • New job opportunities
  • A pivot ...

50

420 reads

Risky Business

Risky Business

When starting a project that requires time, energy and resources, the cost-benefit ratio is a good rule for deciding if the plunge is worth it.

One has to think about the risk in terms of probability, while also keeping in mind what is at stake: Will the effort, time, money and res...

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colinii

A lot of problems would disappear if we talked to each other more than talking about each other.

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Finding The Right Therapist

Finding a suitable therapist, right for both the partners can take time. Take into consideration:

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Make Your Decision

Make Your Decision

Understanding that this step can cause some people a lot of anxiety is important because this is where you have to trust your instincts.

Although you may still be slightly indecisive about your final decision, you have to take into account how this makes you feel.Β 

Ask yourself, d...

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