The Art and Science of High-Stakes Decisions
How can anyone make rational decisions in a world where knowledge is limited, time is pressing, and deep thought is often unattainable? Some decisions are more difficult than others. Yet we’re often …
How can anyone make rational decisions in a world where knowledge is limited, time is pressing, and deep thought is often unattainable? Some decisions are more difficult than others. Yet we’re often …
Other things being equal when the price of a good rises, the quantity demanded should fall. Economics refer to this as the law of demand. Because there are many counter-examples to this law it’s …
At the recommendation of Warren Buffett’s Biographer, Alice Schroeder, I’ve been reading The Craft of Interviewing. Schroeder seems pretty crafty at knowing when, what, and how to ask …
We use heuristics – rules of thumb – to make judgments. These can lead to certain predictable biases. These can lead to certain predictable biases. For instance, we classify situations …
“The only proven way to raise your odds of making a good decision is to learn to use a good decision-making process—one that can get you the best solution with a minimal loss of time, energy, …