Questions For Decisionmaking

Philip Morgan

A good question to help you think through a decision where there's uncertainty: What is the cost of being wrong about this?


Variations on that question, to drive the point home:

What is the cost of being wrong about this for 3 months so that you can be right less wrong after that?

What is the cost of being wrong about this for a year?

What is the cost of being right about this 2 years from now?

What is the cost of doing nothing in order to be neither right nor wrong about this?

-P

Registration for The Expertise Incubator is open until December 25, 2021.

The Expertise Incubator is a framework for cultivating valuable expertise and a community of practice. We learn by doing. As a group, we face a series of 3 foundational challenges, spending 3 months focusing on a challenge before moving on to the next. The challenges produce both the substance and artifacts of economically valuable expertise: http://theexpertiseincubator.com

This 9-minute video explains the whole thing: https://vimeo.com/655506816/dec444b36d

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