From the course: Making Better Decisions by Thinking in Bets
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View each decision as a working hypothesis
From the course: Making Better Decisions by Thinking in Bets
View each decision as a working hypothesis
- [Interviewer] So, we talked a little bit about the mindset associated with not being binary and trying to be curious and interested and learn from it. So, if you do find yourself in such a position, what are some best practices to keep getting better and better at it? - [Guest] Well, I think it's to be open minded, to try to learn from what's working and what's not, and understand that whenever you decide that, it's always going to be a working hypothesis, so that when new information comes in that doesn't necessarily conform to your working hypothesis, that you don't just reject it as not actually being informative. So, let me try to explain what I mean by that. So, let's say that you have guests come on the show, and you have a guest come who does analytics. Right. Okay. And he's a terrible guest. So, you might now have a working hypothesis that people who are in analytics are terrible guests. So, that's what you…
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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