How To Make Important Decisions
00:00:00.000 | Do you have a process for making big decisions in life or work?
00:00:04.480 | Well, there are decisions made under uncertainty and decisions made under
00:00:08.880 | certainty. So under certainty means you have a lot of data.
00:00:13.200 | Those are the easiest decisions and they actually are the least impactful
00:00:17.320 | because anybody can make those decisions.
00:00:19.600 | The hardest decisions and the most impactful ones are the ones made under
00:00:24.320 | uncertainty. So that comes down to judgment. Well,
00:00:27.840 | judgment to me is decision-making under uncertainty,
00:00:30.760 | which means there's a bunch of luck involved,
00:00:33.760 | but some people show evidence of having better judgment than others.