added by Marcel Mairhofer · updated 2y ago
Creating a Decision Journal
it must be lived—forwards.”35 So we generally fail to consider enough alternatives looking forward and think we knew what was going on looking backward. The antidote to both is to write down the rationale behind decisions and to consistently revisit past actions. A decision-making journal is a cheap and easy routine to offset hindsight bias and enc
... See morefrom Think Twice: Harnessing the Power of Counterintuition by Michael J. Mauboussin
- A way to prop up this kind of humility is to keep score. Use a decision journal. Write in your own words what you think will happen and why before a decision. Refer back to it later. See if you were right, and for the right reasons (think Bill Belichick’s famous 4th down decision against Indianapolis in 2009 which summarizes to: good decision, didn... See more
from SAM H INKIE 3 6 0 1 S O U T H B R O A D S T R E E T
sari added
