Search Results for: smart-decisions

New to Farnam Street? Start Here

April 03, 2020

Welcome! If you’re like most of our readers, you’re looking for an edge — a reliable way to learn and pick up new skills more quickly, to see opportunities and obstacles that others don’t, and avoid costly blunders that set you back in years or dollars. We help give you that edge by “Mastering the […]

The Anatomy of a Great Decision

April 22, 2019

Making better decisions is one of the best skills we can develop. Good decisions save time, money, and stress. Here, we break down what makes a good decision and what we can do to improve our decision-making processes. *** Improving our decision-making abilities is a central goal at Farnam Street. Better decisions save time, money, […]

The Best of Farnam Street 2018

December 30, 2018

We read for the same reasons we have conversations — to enrich our lives. Reading helps us to think, feel, and reflect — not only upon ourselves and others but upon our ideas, and our relationship with the world. Reading deepens our understanding and helps us live consciously. Of the 46 articles we published on FS this […]

Hemingway, a Lost Suitcase, and the Recipe for Stupidity

October 22, 2018

The best intentions are no match for the havoc caused by stress, tiredness, and unusual circumstances. Even though we know these things can negatively impact our decision-making abilities, we override the caution needed to combat them with faith in our rationality. This failure to recognize our natural vulnerabilities affects everyone. In December 1922, it resulted […]

The Disproportional Power of Anecdotes

August 27, 2018

Anecdotes tend to not be statistically significant, but their added emotional significance leads us to place additional weight on them. *** Humans, it seems, have an innate tendency to overgeneralize from small samples. How many times have you been caught in an argument where the only proof offered is anecdotal? Perhaps your co-worker saw this […]

Double Loop Learning: Download New Skills and Information into Your Brain

June 25, 2018

We’re taught single loop learning from the time we are in grade school, but there’s a better way. Double loop learning is the quickest and most efficient way to learn anything that you want to “stick.” *** So, you’ve done the work necessary to have an opinion, learned the mental models, and considered how you […]