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Decision Making Basics
Decision Making Basics
From Eisenhower to Zuckerberg decision making was a strength of our leaders.
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CONTENT FROM:
Master the Art of Influence — Persuasion as a Skill and Habit
2 insights
The Best Decision You Will Make Before Making a Big Decision
1 insight
Mental Models: The Best Way to Make Intelligent Decisions (109 Models Explained)
1 insight
Why Mark Zuckerberg Wears the Same Thing Every Day
1 insight
Dwight Eisenhower's Best Productivity Tricks
1 insight
What Matters More in Decisions: Analysis or Process?
1 insight
Do You Have These 6 ‘Mindful’ Skills? Or Are You Distracted?
1 insight
The Ultimate Guide to Making Smart Decisions
1 insight
New Neuroscience Reveals 4 Rituals That Will Make You Happy
1 insight
Go Fast and Break Things: The Difference Between Reversible and Irreversible Decisions
1 insight
11 INSIGHTs ON: Decision Making8Psychology2
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Mental Models: The Best Way to Make Intelligent Decisions (109 Models Explained)
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Mental Model

Mental models are how we understand the world. They are how we simplify complexity, why we consider some things more relevant than others, and how we reason.

A mental model is simply a representation of how something works. We cannot keep all of the details of the world in our brains, so we use models to simplify the complex into understandable and organizable chunks.

2 months, 2 weeks ago
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Do You Have These 6 ‘Mindful’ Skills? Or Are You Distracted?
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Discernment = awareness to implications + ability to predict

Discernment means you’re aware of the IMPLICATIONS of what you’re observing. It means you can PREDICT where certain behaviors, actions, ideas, and environments will take you.

When you development discernment, you can make powerful choices, because you have both information and intuition. You can’t have discernment without first observing and paying attention.

3 months, 4 weeks ago
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New Neuroscience Reveals 4 Rituals That Will Make You Happy
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Deciding boosts pleasure

Brain science shows that making decisions reduces worry and anxiety — as well as helping you solve problems. Make a “good enough” decision. Don’t sweat making the absolute 100% best decision. 

So when you make a decision, your brain feels you have control. Which reduces stress & brings pleasure.

4 months, 3 weeks ago
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The Best Decision You Will Make Before Making a Big Decision
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The risk of a wrong decision is preferable to the terror of indecision. — Maimonides
5 months, 1 week ago
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Dwight Eisenhower's Best Productivity Tricks
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Eisenhower Decision Matrix

The basic premise here is pretty simple: some tasks are urgent and others are not. When you organize those, you can make better use of your time. The matrix consists of a square divided into four quadrants:

  1. Important/Urgent quadrants are done immediately and personally
  2. Important/Not Urgent quadrants get an end date and are done personally
  3. Unimportant/Urgent quadrants are delegated
  4. Unimportant/Not Urgent quadrants are dropped
6 months, 1 week ago
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Go Fast and Break Things: The Difference Between Reversible and Irreversible Decisions
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REVERSIBLE vs IRREVERSIBLE Decisions

Many of the most successful people adopt simple, versatile decision-making heuristics to remove the need for deliberation in particular situations.

Jeff Bezos, the founder of Amazon.com, asks himself, is this a reversible or irreversible decision?

If a decision is reversible, we can make it fast and without perfect information. If a decision is irreversible, we had better slow down the decision-making process and ensure that we consider ample information and understand the problem as thoroughly as we can.

Bezos compares decisions to doors. Reversible decisions are doors that open both ways. Irreversible decisions are doors that allow passage in only one direction.

7 months ago
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What Matters More in Decisions: Analysis or Process?
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Analysis & Decision Making

Research showed that most business decisions were not made on “gut calls” but rather rigorous analysis. And yet they were poor decisions. 

“Our research indicates that, contrary to what one might assume, good analysis in the hands of managers who have good judgment won’t naturally yield good decisions.”

Charlie Munger, explained the reason:

[Projections] are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious. 

7 months, 1 week ago
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Why Mark Zuckerberg Wears the Same Thing Every Day
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Making pointless decisions cripples performance.
7 months, 2 weeks ago
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Master the Art of Influence — Persuasion as a Skill and Habit
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System 1 and 2 thinking
  • System I is the part of the brain that handles the simple things: sensory input, automatic and unimportant decisions (i.e. I’m going to reach for my drink), casual social interactions, and other inbound signals that can be processed rapidly and rather easily.
  • System II is the higher-order, logical part of the brain. “It’s the part that thinks at the speed of the voice in your head,” he says. It brings processing power to bear on decisions and problems that require deeper thought.
7 months, 3 weeks ago
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The Ultimate Guide to Making Smart Decisions
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“I don’t want to be a great problem solver. I want to avoid problems — prevent them from happening by doing it right from the beginning. - Peter Bevelin
7 months, 3 weeks ago
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Master the Art of Influence — Persuasion as a Skill and Habit
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How Our Brain Makes Decisions
Daniel Kahneman, a Nobel winning psychologist, classified our mental processes into 2 groups:  
  • System I is the part of the brain that handles the simple things: sensory input, automatic and unimportant decisions (i.e. I’m going to reach for my drink), casual social interactions, and other inbound signals that can be processed rapidly and rather easily.

  • System II is the higher-order, logical part of the brain. “It’s the part that thinks at the speed of the voice in your head,” he says. It brings processing power to bear on decisions and problems that require deeper thought.

System I is involuntary; System II is deliberate. System I thinks in black and white; System II sees many shades of gray. System I is has no time for debate. System II is always looking for a problem, because it's skeptic about anything. 

7 months, 3 weeks ago
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