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Business Life & Philosophy

Decisions are either ‘irreversible or reversible’

'Failure to experiment sufficiently', #quotes, ralph waldo emerson, experiment quotesSometimes your work is just going to be a 5 out of 10. It’s not worth scrutinizing every performance. The only ill is in hesitating, not starting what you think you should do.

Jeff Bezos has an interesting system for making decisions. He sees them as either irreversible or reversible. The simple heuristic pushed him to start Amazon, knowing that he could just go back to his old job if things didn’t work out. Writes the Farnam Street blog:

“Bezos considers 70% certainty to be the cut-off point where it is appropriate to make a decision. That means acting once we have 70% of the required information, instead of waiting longer. Making a decision at 70% certainty and then course-correcting is a lot more effective than waiting for 90% certainty.”

First we try, then we deduce

If the door swings both ways, why not give whatever we’re passionate about our best shot. The worst that can happen is that someone slams the door in our face or locks the other side. And that may be just the message that it’s time to pivot. They’re meant to astonish us, to jolt us out of our everyday thoughts:

We don’t need to collect all the information before we endeavor. We can reduce indecision by replacing it with the astonishment of doing. There is little reason to think in absolutes. Wrote Ralph Waldo Emerson: “All life is an experiment. The more experiments you make the better.”

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By Wells Baum

Wells Baum is a daily blogger who writes about Life & Arts. He's also the author of four books.

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