Clear Thinking - by Michał Poczwardowski - Perspectiveship
For smaller, low-impact decisions, trusting your intuition is fine — you can even use a coin flip trick. But when something has a greater impact, clear thinking and a systematic approach are key.
I’ll cover the most important factors influencing decision-making, based on Shane Parrish’s “Clear Thinking: Turning Ordinary Moments into Extraordinary Results” — blended with my thoughts.
When someone puts all their money into one risky financial asset, they may get lucky and make a lot of money. But that doesn’t make it a good decision.
Self-serving bias makes us think that if the outcome is good, then it was our abilities that caused it, and we did well. When the outcome is unfavourable, we often blame it on bad luck or external factors.
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