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Why Smart People Think Like Gamblers
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Similar ideas to 8. Track Your Decisions
Whenever you make a key decision or take a key action, write down what you expect will happen. Nine or 12 months later, compare the actual results with your expectations… Practiced consistently, this simple method will show you within a fairly short period of time, maybe two or three years, where...
Most people evaluate decision based on its outcomes, but they forget that there are outside factors, such as luck.
Quality of a decision is determined by the process and the reasoning used when the decision is made.
To evaluate your decision we need to make it visible by writing down ...
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