Many of our life choices are unconsciously guided by cognitive scripts that feel like our own ideas but are actually inherited from past…

"All intelligent people should think primarily in terms of opportunity cost. When deciding whether to do something compare it with the best…

Two things to do when feeling stuck: Challenge assumptions or gather more data. Thought In my experience, the least helpful thing to do when…

Stop waiting to feel ready. Ready is not a feeling. It's a decision. Quote I forgot where I found this quote, but I hope this serves as your…

People who grow up in resource-poor environments discount future rewards more than average because they perceive a shorter, more uncertain…

When evaluating a new opportunity, ensure it has a positive worst-case scenario, potential for exponential growth, and long-term…

Three most important decisions to think consciously about: the place to live, the work to do, and the people to spend time with. Thought Our…

Personal rules turn desired behaviors into default behaviors. They are set during our best moments to avoid making poor decisions under…

We make better decisions when we know we are making decisions. Therefore, the first step to improving decision-making is to be aware of the…

Cognitive Tunneling: When our brains abruptly shift from a relaxed state to high alert, we tend to focus too much on the most obvious…

Need for Cognitive Closure: How much do you prefer getting a clear and definitive answer to questions versus remaining uncertain or…

Parkinson's Law of Triviality: The time spent discussing various topics within an organization is usually inversely proportional to their…

The combination of big ambitions, high standards, and low expectations serves as a heuristic for a fulfilling life. Article: Avoiding…

We can never know the actual reasons why we do anything. The observations of split-brain patients reveal that our true motivations are…

Region-beta Paradox: People can be better off when things are much worse. While moderate situations prompt endurance, crisis triggers action…

Decoy Effect: When we are choosing between two options, introducing a third option can cause shifts in our preference between the first two…

Farnam Street's Annual Report Framework. Article: Personal annual report It might be too late to talk about new year's resolutions, but it's…

Solomon's Paradox: When helping ourselves make decisions, imagine helping a friend. Article: The 10 Best Ideas I Learned in 2022 We are…

Losses hurt much more than the happiness gained from winning. Therefore, we must focus on the process to overcome this asymmetry (loss…

Poker teaches us that just because people are skillful in one domain doesn't mean they can transfer the skill to another. Podcast: Annie…

Cluttering Illusion: Our brains love to find meaning in short‐term trends and rush to conclusions. Avoid irrational small sample size bets…

Luck and Arena Razors: When choosing between two paths, choose the one with a larger luck surface area and/or the one that puts you in the…

Stress-Reward Test: Take on stress only if the reward is valuable enough to justify the stress. Article: The Most Powerful Decision Making…

Listen and Opinion Razors: Listen twice as much as we speak when encountering different perspectives and have opinions only after we can…

Young & Old Test: Make decisions that your 80-year-old self and 10-year-old self would be proud of. Article: The Most Powerful Decision…

Rooms Razor: When choosing between two rooms, choose the room where you're more likely to be the dumbest one in the room. Article: The Most…

"The secret to doing good research is always to be a little underemployed. You waste years by not being able to waste hours." - Amos Tversky…

"A wealth of information creates a poverty of attention." - Herbert Simon Quote Herbert Simon is the receiver of the Nobel Prize in…

Ask for advice, not permission. Article: Ask for Advice, Not Permission I always believe we should ask for forgiveness, not permission. I…

When to making quick decision? Happiness Test, Only-Option Test, Two-Way Door Test. Book: How to Decide: Simple Tools for Making Better…

Buy what you would buy if you were the only person on Earth. Thought We buy things for all kinds of reasons. I think buying everything (or…

"The empiricist thinks he believes only what he sees, but he is much better at believing than at seeing." - George Santayana Quote I learned…

"A mistake repeated more than once is a decision.” - Paulo Coelho Quote This also reminded me that an accident that happened more than once…

Be careful with the F word in negotiation: Fair. Online Course: MasterClass | Chris Voss Teaches the Art of Negotiation Fairness comes up in…

Experience is inevitable, learning is not. Book: Winning Decisions: Getting It Right the First Time Experience is knowing what happened…

The value of being answered with "No". Online Course: MasterClass | Chris Voss Teaches the Art of Negotiation Most people think the most…