← back
How to Decide: Simple Tools for Making Better Choices
- Resulting
- A mental shortcut in which we use the quality of an outcome to figure out the quality of a decision.
- Hindsight bias
- The tendency to believe that an outcome, after it occurs, was predictable or inevitable.
- Like resulting, is a manifestation of the outsized influence of outcomes. The outcome casts a shadow over your ability to accurately remember what you knew at the time of the decision.
- Memory creep
- Post outcome knowledge creeps into your memory of what you knew or was knowable before the decision was made.
- Counuterfactual
- A what-if. A possible outcome of a decision that is not the one that actually occured. An imagined, hypothetical state of the world.
| | | |
| | | Outcome Quality |
| | Good | Bad |
| Good | Earned reward | Bad luck |
| | | |
Decision Quality | Bad | Dumb luck | Just deserts |