Two things determine how your life will turn out: luck and the quality of your decisions. Want to know how to make high-quality decisions with your team at work? A thread: ⬇️
2/ Poker can teach you a lot about business and life. I drew on my time playing poker in the @WSOP and my cognitive science work at @Penn to teach you how to make high-quality decisions in my book, #HowToDecide.
3/ A key insight from the book that I’ll re-emphasize here: Treat the outcome and quality of a decision separately. You can make a great decision on a bet and still lose the hand. So I’ve developed 4 exercises to help you make better bets.
4/ Exercise #1: Find areas where you disagree with your team through an exercise I call “Worlds to Likelihood.” Assign percentages to words based on how likely the thing will happen and find discrepancies.
5/ Exercise #2: Re-create what you knew and the outcome of a decision with a Knowledge Tracker. This exercise allows you to uncover resulting (assigning outcome quality to decision quality) and hindsight bias (knew-it-all-along thinking).
6/ Exercise #3: A project pre-mortem is just as important as a post-mortem. Each member on your team can create a Decision Exploration Table to explore and organize all the potential outcomes from a decision.
7/ Exercise #4: As the project leader or meeting facilitator, tie everything together with a Better Team Conversations exercise. Gather opinions and feedback and share with the rest of the team.
8/8 Adapt these 4 exercises for your own team with this @coda_hq template.
Copy my doc to get started—and let me know how it works for you.
Over the past few weeks, I have been highlighting the work of those who blurbed and today, the final day before my book’s bday, it’s time for @mjmauboussin. It would be impossible for me to fully express how much gratitude I have for Michael.
1/14
This book would be so much worse if not for the thought partnership of @mjmauboussin. In writing the book, Michael got on countless calls and Zooms with me to help me work through my ideas.
2/14
As I produced a draft of each chapter, Michael read every word offering insightful suggestions and edits of my work. He helped me work through places where I was stuck. He helped me make sense of what I was trying to say.
I’m not sure what I can say that you wouldn’t already know about Marc, but I'll point you to some of his written work and his wonderful podcasts.
1/8
.@PMarca wrote "It’s Time to Build" about our unpreparedness for the pandemic as it relates to our failure to build. He argues we see failure across the board: housing, education, manufacturing & transportation - not because of lack of money but because of lack of desire.
2/8
No doubt, the piece is super provocative making it a must read.
The most dangerous category of poor decisions are ones that remain easily hidden from view because any instance of that type of decision is so easy to rationalize.
1/12
Trying to eat healthier?
It’s so easy to justify that piece of cheesecake because you just had a break-up. The ice cream you gobbled down few days ago? It was your kid’s birthday so you were celebrating! That bucket of popcorn last weekend? Movie night with the family!
2/12
Each of these decisions are easy to rationalize on their own. They feel like justifiable exceptions.
That’s why they hide from view.
It’s only when you examine them in the aggregate that you can see they will frustrate your goals.
How to Decide comes out a week from tomorrow, Tuesday October 13th!
How to Decide truly stands on the shoulders of giants and one of those giants is @PTetlock, who was kind enough to blurb the book. Today I want to shine a spotlight on his incredible work and mentorship.
1/16
.@PTetlock is most famous for his work on Superforecasting with his wife and collaborator, Barb Mellers. That work resulted in the must read, Superforecasting: The Art and Science of Prediction which he wrote with @DGardner.
Today I want to highlight the work of the fabulous @katy_milkman, who was kind enough to read and provide a blurb for my new book, #HowToDecide.
1/10
Katy is a professor at the Wharton School and an expert on behavior change, committed to helping people understand how they can better shape their habits and achieve their goals.
2/10
.@katy_milkman is the host of #choiceology, a wonderful podcast dedicated to helping people make better decisions through telling compelling stories + conversations with guests that are a who’s who of behavioral economics.