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Evaluate decisions based on process, not outcome from "summary" of Thinking in Bets by Annie Duke
When we make decisions, we often judge their quality based on the outcome they produce. If things turn out well, we tend to view the decision as good, while if they turn out poorly, we see the decision as bad. This is known as resulting, where we evaluate the decision-making process based on the outcome that occurred. However, this approach can be misleading because it ignores the role that luck plays in determining outcomes. Just because a decision led to a good outcome doesn't necessarily mean it was a good decision, and vice versa. Instead of focusing solely on outcomes, we should evaluate decisions based on the process that led to them. By examining the steps we took, the information we had at the time, and the rea...
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