sadie

“What makes a decision great is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of “I’m not sure.”
― Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

“By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

“Second, being wrong hurts us more than being right feels good. We know from Daniel Kahneman and Amos Tversky’s work on loss aversion, part of prospect theory (which won Kahneman the Nobel Prize in Economics in 2002), that losses in general feel about two times as bad as wins feel good. So winning $100 at blackjack feels as good to us as losing $50 feels bad to us. Because being right feels like winning and being wrong feels like losing, that means we need two favorable results for every one unfavorable result just to break even emotionally. Why not live a smoother existence, without the swings, especially when the losses affect us more intensely than the wins?”
― Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

“Less is more. Progress is made through precise, persistent, and purposeful pushes.”
― Scott Perry, Endeavor: Cultivate Excellence While Making a Difference