Decision Theory: a framework to help us formulate rules and tactics for making the best decisions possible.
Without an effective method for making correct decisions- you’re flying blind. Maybe you’ll be happy with the outcome or maybe you won’t be? But either way, this 50/50 shot is sub-optimal.
Because we can never actually predict the future- Regret Minimization is the best way to choose when faced with a difficult decision.
Regret Minimization is choosing the decision that, if it does not work out as you had planned, you will regret less. Minimizing the regret you would feel if the path you take doesn’t work out. …
The Ivy Lee Method: Do the most important thing first each day.
Build habits so you don’t waste time thinking
Don’t open email in morning. Productive, not reactive.
From their Website:
(I wrote this as a Toastmasters speech in Dec. 2017)
“How do you explain when others are able to achieve things that seem to defy all of the assumptions?” This is how Simon Sinek started the third most watched TED talk in the world. He talks about why having a strong why, a strong purpose, cause or belief behind everything you do is so important. I couldn’t agree more. And I’d like to demonstrate it by sharing my goals, the why behind those goals and how having a strong purpose influences everything that I do.
My biggest goal in life is to provide an environment for as many kids as possible that will allow them to discover their strengths and tap into their potential. I plan on doing this in two ways. First, by opening schools in the most marginalized communities in Colombia. Second, by involving the communities to provide more opportunities for kids to flourish outside of school. …
(I wrote this as a Toastmasters speech in Nov. 2017)
I was born in Colombia to two entrepreneurial parents one of whom owns a school. Ever since I was little I knew business and helping others was what I wanted to do when I grew up. When I was 7 years old my mom took me to the outskirts of town where I saw people living in extreme poverty. We went up to a family and told them we’d like to offer their kids the opportunity to attend our school and we would provide uniforms, supplies, and transportation. …