From Reed Hasting's book "No Rules Rules" "My head started to spin. I was young and unpolished and after she stopped, I said: “Is that how all HR people speak? I couldn’t understand a word. If we are going to work together you are going to have to stop talking like...
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Why do you need to consult with other people to see things more objectively?
From Annie Duke's "How to Decide" Why do you need to consult with other people to see things more objectively? “It works to your benefit to assume that you may not know as much as you think you do, that your beliefs may not be as accurate as you think they are, and...
When should you make decisions slowly and when should you make decisions quickly?
From Annie Duke's "How to Decide" When should you make decisions quickly? When should you make decisions slowly? "The smaller the penalty, the faster you can go. The bigger the penalty, the more time you should take on a decision." "The smaller the impact of a poor...
The power of negative thinking.
From Annie Duke's "How to Decide" The power of negative thinking. "Negative thinking helps you identify things that might get in your way so you can identify ways to reach your destination more efficiently." (p. 212) "Gabriele Oettingen, a professor of psychology at...
How can you prevent outcome bias or resulting?
From Annie Duke's "How to Decide" How can you prevent outcome bias or resulting? First of all what is outcome bias or resulting? Outcome bias/Resulting- "a mental shortcut in which we use the quality of an outcome to figure out the quality of a decision." (p. 3) "When...
When you are trying to get other people’s opinion, don’t tell them your opinion.
From Annie Duke's book "How to Decide" When you are trying to get other people's opinion, don't tell them your opinion. "One of the best tools for improving your decision-making is to get other people's perspectives. But you can only do that if you get their actual...
Key takeaways from “How to Decide”
From Annie Duke's book "How to Decide." Key takeaways from "How to Decide" Beware of overconfidence. Be skeptical of yourself. "The tendency toward overconfidence vexes decision-making. In general, we don’t question our own beliefs enough. We have too much confidence...
Why do you need to use the “outside view” or base rates to make decisions?
From Annie Duke's "How to Decide" Why do you need to use the "outside view" or base rates to make decisions? First of all, what is the "outside view"? The outside view- "What is true of the world, independent of your own perspective. The way that others would view the...
Why is it important to use probabilities in decision making?
From Annie Duke's book "How to Decide" Why is it important to use probabilities in decision making? "Adding probability estimates to the decision tree will significantly improve the quality of your decisions versus simply identifying the possibilities and your...
If you want to see reality better, you must form a truthseeking group.
From Annie Duke "Thinking in Bets" If you want to see reality better, you must form a truthseeking group. "A good decision group is a grown-up version of the buddy system. To be sure, even with help, none of us will ever be able to perfectly overcome our natural...