Helping You Make Better Decisions
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How often do you ask yourself are you thinking well?
A vital part of decision-making is thinking. The process of thinking critically, of thinking deeply about a decision can make all the difference. But how often do you take time to assess the quality of your thoughts?
There is a powerful relationship between thinking and deciding - as Maria Konnikova relates in her book, The Biggest Bluff.
Playing Poker helped Maria learn to pay attention, take control, and master the odds.
We’re all familiar with the concepts of how we make decisions. Our decisions are either made impulsively, where there is no conscious thought, or when we develop a narrative within our subconscious. We attempt to offer some rationale to the situation and the decision’s we face.
There is huge variance within these two decision-making processes, especially our subconscious thinking.
And it is here, we get to the reason we need to ask ourselves about how well we’re thinking. When we think using our subconscious, we are starting to build a story – a narrative that explains the situation in front of us.
In the Biggest Bluff, there comes an insight to help turn our stories from fantasies to reality.
Maria's approach was defined by a conversation with Phil Galfond. “In the game of poker, you’re a detective and a storyteller,” Phil tells her. “You must figure out what your opponent’s actions mean, and sometimes more importantly, what they don’t mean.”
When you're thinking through a decision, how do you build your story?
As a detective, you've got to weigh up the information around you.
You've got to work out how the actions of others will fit with the choices you face. Playing the role of a detective forces you to remove emotion, deflect the bad beats, and focus on being rational. So, the next time you're faced with a decision - become a detective.
Ask questions - and validate your arguments logically by building a story that makes sense.
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Make great decisions!
Founder, The Resolve Blog