First principles are the fundamental building blocks in thinking and decision-making. These are core elements that are true regardless of situation and context.Once you have a good set of first principles, you then have the elements that you need to start creating new options and new solutions that you can be confident in

Break down to first principles

Thinking in terms of models or analogies, can be useful for simplifying a situation and quickly finding alternatives and strategies.Models can help you quickly generate insights and strategies

Develop efficient simulations

Both quantity and quality of data is important. Look further than summarized information and analyse the underlying data

More data and better data

Analyse the data and understand the difference between facts and assumptions made from Data. Assumptions should never be treated as facts.

Learn to separate fact from inference

Testing and validating assumptions is crucial as an unchecked wrong assumption can lead to poor thinking and bad decision-making.

Continuously challenge status quo

<ol><li>Ensure quality data and attach the source data</li><li>Learn to tell the difference between facts and inference</li><li>Be clear about the basic principles</li><li>Rely on simulations and models</li><li>Keep validating your assumptions</li></ol>

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