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Snips on how to make better decisions, different frameworks people are successfully using, etc.
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@gina
#158 Aaron Dignan: Change The Way You Work
What kind of decison making culture do you have: Permission, constraint or consent?
AI Key Takeaways
- There are two different types of decision making cultures, permission and constraint.
- In a permission culture, you need permission to do anything, and there's no room for judgment.
- In a constraint culture, you can do anything unless we say otherwise.
- A constraintbased culture is where you have a set of agreements and policies that clarify what the edges are for making decisions.
- This allows for more creativity and judgment, and leads to less confusion.
@Buz
#164 Ravi Gupta: The Realities of Success
Common Traits of Great Decision Makers
AI Key Takeaways
- Good decision makers use writing to expose weaknesses in their decision-making process.
- Many good decision makers will show a memo they wrote for themselves when asked about a decision they made.
- The use of writing is a common trait amongst many good decision makers.
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@melad
Daniel Ek - Enabling Creators Everywhere - [Invest Like the Best, EP. 242]
Spotify CEO Daniel Ek’s Decision Making Framework
AI Key Takeaways
- Decision making is an important skill to hone.
- Reducing the number of variables in a problem can make it easier to solve.
- Learning different frameworks to help with decision making is a good way to improve.
@elisa
Living a Happier Life, Saying No, and Prioritizing Goals with Derek Sivers
The Psychology of Satisficing
AI Key Takeaways
- People who satisfy themselves with good enough decisions feel better about them than those who try to make the best possible decisions.
- People who get intense joy out of making decisions tend to satisfy themselves.
@irresistibl
#18 Naval Ravikant: The Angel Philosopher
Building Mental Models for Success
AI Key Takeaways
- Making decisions right 80% of the time is highly valued and compensated in the market.
- Being right 10% more than someone else can be worth 100 million dollars on a judgment call.
- Leverage of decision-making is increasing with modern technology and capital.
- Improving decision-making skills can result in non-linear returns in life.
- The brain is a memory prediction machine that tries to predict the future based on past experiences.
@mart
#164 Ravi Gupta: The Realities of Success
Traits of Great Decision Makers: Writing, Decision Fatigue, Uncertainty, Right Questions
AI Key Takeaways
- Good decision makers use writing to expose weaknesses in their decision-making process.
- Many good decision makers will show a memo they wrote for themselves when asked about a decision they made.
- The use of writing is a common trait amongst many good decision makers.
@elisa
Living a Happier Life, Saying No, and Prioritizing Goals with Derek Sivers
The Paradox of Choice
AI Key Takeaways
- You need to try things in practice to see what they're really like.
- You can't make decisions about things in theory, you need to try them in practice first.
@gina
125. Should We Replace Umpires With Robots?
What Is Algorithm Aversion
AI Key Takeaways
- People are often reluctant to use algorithms, even when they know they are better options.
- There are ways to get people to use algorithms even when they have some control over the decision.
@ferdinand
How Bose compete with AirPods — and why it’s in more cars than ever, with CEO Lila Snyder
How the Bose CEO Makes Decisions
AI Key Takeaways
- Getting the right people in the room is crucial to inform decisions with diverse perspectives
- Making decisions in isolation without all the right information is dangerous
- Having a clear decider is not enough to make great decisions
- The focus should be on getting the right voices in the discussion
@mart
EP 184 Dave Snowden on Managing Complexity in Times of Crisis
Creating Optionality Through Decision Making
AI Key Takeaways
- The focus should be on stabilizing a situation to create more options for problem-solving instead of trying to solve the problem immediately.
- The New Zealand Prime Minister's decision to break the law in order to lock New Zealand down gave the country more options for dealing with COVID compared to other countries that waited until there was no alternative.
- Leaders are now being trained on making option-increasing decisions instead of decisive decisions.
- Preserving optionality in decision-making is important.
- Optionality has actual value, which is more apparent to those trained in finance.
- The 'dishwasher stacking problem' can lead to divorce if not approached with care.
@jonasdovy
Why Not All Friends Want the Best for You | Ep 535
"Do the Hard Thing": A Framework for Decision Making in Ending Relationships
AI Key Takeaways
- A good investment relationship is when the investor can put money into the business and get a disproportionate return
- If a relationship is causing trouble, it's probably not worth keeping
- When faced with a hard decision and an easy decision, choose the hard decision because the easy decision is likely not the right one
- Analogies and metaphors can be persuasive but also confusing
- Consider cutting ties with a business relationship as pruning a tree to make it grow
@Buz
#644: Jonathan Haidt — The Coddling of the American Mind, How to Become Intellectually Antifragile, and How to Lose Anger by Studying Morality
Complex Dynamical Systems - how social went wrong
AI Key Takeaways
- Complex dynamical systems are hard to understand, but we live within them.
- In 2014, a phase change occurred in the academic world, and this is known as the fall of the Tower of Babel.
@ferdinand
How Arm conquered the chip market without making a single chip, with CEO Rene Haas
How the ARM CEO makes decisions
AI Key Takeaways
- Opinion-based decisions versus database decisions are a helpful framework for decision-making
- Pattern mapping becomes more important with experience
- Experience helps develop intuition in decision-making
@amirazimi
887 The 5 Second Rule To Change Your Life with Mel Robbins
The Neuroscience Behind the 5 Second Rule
AI Key Takeaways
- There is a 5-second window between instincts and actions that can change one's life. If one hesitates, their brain is designed to kill their instincts. Counting backward can trigger focus and interrupt hesitation. Hesitation signals a red flag to the mind that something is up. Hesitation is a habit that can be caught and used as a moment of power to make a decision in the next 5 seconds. The 5-second rule can be used to change one's life one moment at a time.
@ferdinand
I can't make products just for 41 year old tech founders," Airbnb CEO Brian Chesky on taking it back to the basics
How Airbnb CEO Brian Chesky Makes Decisions
AI Key Takeaways
- The speaker faced a crisis in 2011 with a host named E.J.
- Despite receiving counsel from crisis communication professionals, the situation worsened with every decision the speaker made
- The speaker's experience taught them the importance of being honest and transparent in difficult situations
@irresistibl
#164 Ravi Gupta: The Realities of Success
Build Trust through Disagreements
AI Key Takeaways
- When disagreeing, rate the importance on a scale of one to ten
- If one person's rating is higher, they get to decide
- If both ratings are the same, have a debate until a decision is reached
- In certain areas, one person decides, and in other areas, the other person decides
- Acknowledging and valuing someone's opinion can build trust
@braden
#150 TKP Insights: Making (Even) Better Decisions
Optimizing Decision Making in an Organization
AI Key Takeaways
- Decision making in organizations is a bit overrated because it is more fluid and continuous than binary.
- At Stripe, they design feedback mechanisms to help people learn from their decisions.
@arturo
Living a Happier Life, Saying No, and Prioritizing Goals with Derek Sivers
Journaling to make better decisions
AI Key Takeaways
- When approaching decision making, it is important to try to cast a wide net and not just rely on what is the assumed default option.
- One way to do this is to ask oneself reflective questions about what you want and why.
- It can be helpful to use prompts to help you reflect on your thinking and come up with other options.
- An example of a prompt that was mentioned is "What are the other options?".
@rywmark
The Decision Register, Newsletter Woes and An Audience of One
Decision Journal: Improve Your Decision Making
AI Key Takeaways
- The decision should be explained in a tweet length
- Consider alternative options
- Identify and acknowledge the emotions involved
- Evaluate the duration of thinking about the decision
- Recognize the influencers that pushed for the decision
- Examine secondary benefits
- Assess if the decision would still be made without secondary benefits
- Analyze reasons for thinking the decision is right
- Consider possible reasons for being wrong
- Evaluate potential upside and downside
- Determine follow-up decisions for success
- Make predictions on how the decision will play out
- Set a date for revisiting the decision
@irresistibl
EP 184 Dave Snowden on Managing Complexity in Times of Crisis
The GEMBA System: How Comprehensive Journaling Builds Better Decisions
AI Key Takeaways
- Journaling is an important process that can replace reporting and improve data collection in real-time
- GEMBA system is a way to reduce the time burden on people and give better data to companies
- Journaling can help activate networks for extraordinary needs and provide insight into near real-time categories
- Lessons learning is better achieved when closer to the point of learning
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode