Big Decisions
What are the most effective practices to improve your ability to make good decisions?
Bets need to be judged on the process of making them over their outcomes.
Decision making is betting
Context
- Coach: A more knowledge other that can help you make progress for a given context
- Poker: The most effective way to improve decision making processes?
- Investing: Time, Energy, Capital and Goodwill.
- Reinvestment: Growth Strategy
- Governance: Direction of culture, utilization of state assets.
- Decision Levers: Direction, acceleration and deceleration, more or less energy.
- Decision Fatigue: Tackle complexity in the right frame of mind
- Decision Triggers: Signal through the noise
- Decision OODA Loop: Optimize feedback loop of consciousness
- Decision Algorithms: Don't reinvent the wheel
- Decision Frameworks: Take different perspectives of a problem
- Decision Automation: Reduce decision fatigue
- Decision Priorities: Feel at at ease (in flow) with commitments
- Decision Journal: Continuously improve process.
Following Your Path
Life is a game of making the best possible decisions and trying to influence others to follow.
Fear Uncertainty and Doubt
People are often fearful of addressing several types of decisions and problems that can create strong emotional triggers for action. Understanding these common fears and their impact on decision-making is crucial for developing strategies to overcome them. By recognizing these emotional triggers, individuals can work towards making more balanced and rational choices in various aspects of their lives.
Engineer systems and practice better habits to replace FUD with Courage Confidence and Conviction.
Education
So much to learn in a rapidly changing world, it is very challenging to identify what knowledge and capabilities will be valuable to society.
Career and Financial
People often experience fear when facing major career and financial decisions. This includes:
- Fear of career repercussions leading to underperformance
- Fear of making the wrong financial investment
- Fear of starting a new business or changing careers
- Fear of not having enough resources (scarcity mindset)
These fears can paralyse decision-making or lead to overly cautious choices that limit potential growth and opportunities.
Health-Related
Fear can significantly impact health-related decision-making:
- Fear of receiving bad news can prevent people from seeking medical care
- Fear of side effects may lead to avoiding necessary treatments
- Fear of lifestyle changes required for better health
This avoidance behavior due to fear can result in worsened health outcomes over time.
Interpersonal Relationships
Decisions involving relationships often trigger strong emotional responses:
- Fear of rejection leading to avoidance of social situations
- Fear of commitment in romantic relationships
- Fear of confrontation causing unresolved conflicts
These fears can result in isolation, missed opportunities for connection, or prolonged unhealthy relationships.
Major Life Changes
Significant life transitions often evoke fear and anxiety:
- Moving to a new city or country
- Getting married or divorced
- Having children or deciding not to have children
The uncertainty associated with these changes can create decision paralysis or rushed choices made out of fear rather than careful consideration.
Past Traumas or Mistakes
Confronting past experiences or errors can be emotionally challenging:
- Fear of reliving traumatic events
- Fear of acknowledging and learning from past mistakes
- Fear of being judged for past actions
This fear can prevent personal growth and healing, as well as limit future decision-making abilities.
Risky or Uncertain Situations
Fear significantly influences risk assessment and decision-making in uncertain scenarios:
- Overestimating risks and dangers
- Overvaluing interventions meant to protect from perceived threats
- Making decisions based on emotional rather than rational assessments
This can lead to overly cautious behavior or, paradoxically, impulsive actions driven by fear rather than reason.