A Good Decision is the Least Harmful if Wrong.

A heuristic shouldn't be the "least wrong" among all possible rules; it should be the least harmful if wrong.

- Nassim N. Taleb.

 

The Five Steps to a Good Decision won't give the right answer.

They will lead to a good decision.

The least harmful if wrong.

 

Step 1 (Step Back): Cares for the Decision Maker.

Step 2 (Name the Issue): Cares for Resources.

Step 3 (Assess the Information): Cares for the Truth.

Step 4 (Check for Bias): Cares for the Widget.

Step 5 (Give a Hearing): Cares for Others.

Previous
Previous

Three Points of Contact.

Next
Next

The Widget is the North Pole of Decision Making.