It is right frame of your mind, your state of mind, your mindset and emotion. It is a game of choice as well as decision making and your educated guess.
By the same token there’s really nothing that you can guess at that you know nothing about.
The quality of our lives is the sum of decision quality plus luck and our decision will also be heavily influenced by randomness.
An expert in any field will have an advantage over a rookie. But neither the veteran nor the rookie can be sure what the next flip will look like. The veteran will just have a better guess.
If we misrepresent the world at the extremes of right and wrong, with no shades of grey in between, our ability to make good choices—choices about how we are supposed to be allocating our resources, what kind of decisions we are supposed to be making, and what kind of actions we are supposed to be taking—will suffer.
Decisions are bets on the future, and they aren’t right or wrong based on whether they turn out well on any particular iteration. An unwanted result doesn’t make our decision wrong if we thought about the alternatives and probabilities in advance and allocated our resources accordingly.
Larry Foley and Anthony TW Tan
Larry Foley and Mangocharlie
Tuesday, 28 January 2020
Selamat Tahun Baru Cina 2020
Selamat Tahun Baru Cina 2020
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