Your Environment Shapes Your Decisions
When it comes to making decisions, your environment matters. Just as it’s hard to eat healthily if your kitchen is full of junk food, it’s hard to make good decisions when you’re too …
When it comes to making decisions, your environment matters. Just as it’s hard to eat healthily if your kitchen is full of junk food, it’s hard to make good decisions when you’re too …
The first category of ignorance is when we do not know we are ignorant. This is primary ignorance. The second category of ignorance is when we recognize our ignorance. *** This article builds on …
“Failures of ignorance we can forgive. If the knowledge of the best thing to do in a given situation does not exist, we are happy to have people simply make their best effort. But if the …
If you asked people what they produce on a daily basis, most would say email or meetings. Even the ones who offered a deeper answer would probably think of these first. It is natural to think this way …
During a recent interview Warren Buffett and Charlie Munger had some interesting comments on how to outsmart people who are smarter than you. Munger: We’ve learned how to outsmart people who are …
If you’re a knowledge worker you make decisions every day. In fact, whether you realize it or not, decisions are your job. Decisions are how you make a living. Of course, not every decision is …
We tend to think that if we only had more information, we’d make better decisions. The world, however, doesn’t always work that way. Paradoxically, More information often means that we …
This isn’t my advice, it comes from the 1973 book How to Get Rich Slowly, But Almost Surely: Adventures in Decision-Making by William Morris. “It’s foolish,” Morris writes, “to suppose that anyone …
Ted Williams (1918-2002) was arguably the greatest hitter in baseball history. He was the last player to break the revered .400 barrier—a remarkable achievement in any era. How did he do it, and what …
Do you want to come up with more imaginative ideas? Do you stumble with complicated problems? Do you want to find new ways to confront challenges? Of course, you do. So do I. But when is the last time …
At some point, we’ve all likely given up on trying to get better at a skill and settled for being mediocre as opposed to being great. But why do we do this? Why don’t we push on until we achieve …
We all know one, the Monday morning quarterback. They walk into the meeting room primed and ready for action. Ready that is, to apply the knowledge they know now to decisions of the past. And too …
King Solomon, thought by some to be the wisest man who ever lived, anticipated the economists concept of separating equilibria by about 3,000 years. In his most famous case, he proposed cutting a baby …
When I think about the world in which we live and the organizations in which we work, I can’t help but think that few people have the intellectual honesty, time, and discipline required to hold a …
A simple and easy approach to decision making that prevents us from being manipulated. Understand the forces at play. Understand how your subconscious might be leading you astray. *** While most of us …
Tina Rosenberg with a thoughtful op-ed in the NYT on the influence people around us have on our decisions, even, oddly, when they are imaginary. Bad behavior is usually more visible than good. It’s …