From the course: Making Better Decisions by Thinking in Bets
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Face the fear of uncertainty
From the course: Making Better Decisions by Thinking in Bets
Face the fear of uncertainty
- [Interviewer] And I also want to get your take. We talked about uncertainty and sort of probabilities and refining the model, that as you kind of learned more and integrate that so, I think that at the same time, there's an irrational force called fear. That we're just fundamentally uncomfortable with uncertainty even though it's all around us, it's there. But when we don't like it, we sort of, the devil you know versus the devil you don't, a lot of us will default to the devil you know. So any pro-tips on kind of pushing passed fear or getting comfortable with uncertainty? - [Interviewee] Yeah, what I would say is that I think that the more that you actually write down the decision and the process and get other people involved with it, so work through these decisions that you're afraid of because of the uncertainty on the other end. Really map it out, you know? There's decision A that I could do, there's decision B, there's…
Contents
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Distinguish between decision quality and outcome3m 17s
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Refrain from resulting2m 57s
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Don’t label decisions as right or wrong3m 16s
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Adjust your beliefs to improve your decisions2m 3s
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View each decision as a working hypothesis2m 12s
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Seek to disagree in group decision-making2m 19s
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Aim for accuracy instead of being right3m 31s
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Encourage dissent2m 41s
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Hold your intuition accountable3m 34s
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Face the fear of uncertainty2m 55s
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