Of all the books I've covered on decision-making, this is the one I think about most (it helpsimprove the quality of your decisions and eliminates the need for certainty):
Start improving the quality of your decisions by imagining someone is challenging you to a bet. When you imagine having to gamble a significant amount of money on the assumptions and beliefs guiding your decision, you naturally pause and vet those assumptions and beliefs. You start thinking of ways in which you might be wrong and adjust your degree of certainty, which helps you better estimate the probability of possible futures.
Use your estimated probability of a favorable result to calculate your expected value (i.e., what you stand to gain multiplied by the odds of it happening). If the value of what you need to commit is less than the expected value, you can be confident you are making a high-quality decision.
Have a productive week!
Regards,
Nathan
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