Decision Automation

The advantage of smart contract are ability to automate decisions and release energy to execute on them.

1. Scenarios
2. Triggers
3. Routes

Use system automation and evolve routines and mantra so that people to combat route one thinking in times of pressure.

Instinctive

Prepare thoroughly to act correctly.

For heat of the moment use mantra to counter biases.

Algorithms

Create processes to backup decisions making for more complex problems.

tip

Create rituals to get into the right mental state for crital analysis

There are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Learning to recognize the difference between the two is what thinking in bets is all about. - Annie Duke

Every decision is an investment decision. A good decision has good process not necessarily good results. The purpose of a decision/bet/experiment is either to

• Create value/maximise utility
• Stop a loss of value

What are the boundaries for success?

• Profit vs Value driven
• Expectations vs outcomes
• Risk vs reward
• Long-term vs short-term reward
• selfish vs unselfish
• Grow or consolidate

Leveraging Data

• Example

Using data to sell a compelling story:

• New insights on poverty
• The best stats you have ever seen