Is a basic, foundational, self-evident proposition or assumption that cannot be deduced from any other proposition or assumption.
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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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Similar ideas to First Principle
A first principle is a basic assumption that cannot be deduced any further.
...is a foundational proposition or assumption that stands alone. We cannot deduce first principles from any other proposition or assumption.
Reasoning by first principles removes the impurity of assumptions and conventions. What remains is the essentials.
Is a foundational truth that is "known by nature". It is not an assumption or deduction based on another theory or supposition but it’s also not an absolute truth but rather an observed one, meaning further analysis might prove it imprecise.
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