![]() It doesn’t make the decision bad.Įven if something has a 98% chance to happen, 2 out of every 100 times it won’t. You may make a good call, place a good bet, and still lose. That doesn’t mean it’s a good decision to play those hands.Īnd the best hands lose sometimes as well. In poker, even the worse hands win – sometimes. In the vast majority of decisions, we don’t know 100% of what the outcome will be. It turned out good, so it must have been a smart decision.Īs Annie Duke says in Thinking in Bets, decisions are like poker: it’s all probability. It turned out bad, so obviously it was a bad decision. It’s so easy to look at a situation, a decision, and call it good or bad based on the result. This also called “resulting” or “ outcome bias”. We base the goodness of a decision based on the result, not the process used to make the decision The first step of fixing it is awareness, so here we go.ġ. Examine the list, see if you see yourself making any of them, and work on avoiding them in the future. In this article, we will go over 29 common mistakes people make when it comes to decision making. And, because of that, there are common errors that you, and the people around you, could be making. There’s a good chance you are making mistakes without even realizing it.ĭecision making, the process, and the errors you make are not often taught in schools or even at home. ![]() You constantly make decisions, and the decisions you make determine your life, your success, and your future. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |