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A Self-Made Billionaire Uses This Easy Trick for Decisions
- ColinWright 11y agoSee how the "Cookie Consent" button overlays the "scroll down" button? Don't do that.
- hanspeter 11y agoSee the "Cookie Consent"? Don't do that.
- ColinWright 11y agoMy understanding is that under some interpretations of recently still valid EU regulations it's legally required to have some sort of explicit cookie notification and consent. I'm willing to be corrected, and specific references would be especially valuable.
- jbrooksuk 11y agoI don't think it's as important any more. They relaxed the rules a bit.
- jacquesm 11y agoI ignored them from day 1 and I'm fairly confident in that this will not lead to any trouble on my part. The best ones are the websites that block access until you've clicked the 'I agree' button without an 'I disagree' option (that still allows you to view the content). Shift-ctrl-P should be the default anyway.
- UserRights 11y agoPlease give a source about that perceived relaxation. Please always give a source when writing about things on the internet.
- brute 11y agohttp://www.theeucookielaw.com/ http://www.theeucookielaw.com/ or more technical https://en.wikipedia.org/wiki/Directive_on_Privacy_and_Electronic_Communications https://en.wikipedia.org/wiki/Directive_on_Privacy_and_Elect...
- TickleSteve 11y agoThe UK requires a cookie-consent to be accepted before any tracking is performed. Caused a bit of an uproar a year or two ago but nobody seems to mind now.
- tempodox 11y agoClearly they didn't read the article before making the decision.
- networked 11y agoIf you want something like that but with more rigor check out http://lesswrong.com/lw/gu1/decision_theory_faq/ http://lesswrong.com/lw/gu1/decision_theory_faq/.
- gear54rus 11y agoSo we went from one hard problem (the decision itself), to another another harder problem (ranking things on a scale).
- Ma8ee 11y agoNo, we went from one big unwieldy problem to several smaller more manageable problems.
- ashearer 11y agoThat's true of some decisions, but not all. It's a divide-and-conquer strategy. In some situations, ranking would be easier than the decision itself otherwise would be. In others, the method wouldn't necessarily be easier, but it would be more accurate. For weighty decisions, accuracy trumps ease.
- chippy 11y agoInterestingly this really is a click bait title, rather than the usual one that we misidentify identify as such as "Ten Ways a Programming Language is like a Religion." This time.com title encourages you to click it with the bait of finding out who the billionaire is, the implication that they became self-made because of this easy trick and not stating the trick. Thus it is bait to lure a user in. The misdiagnosed versions state exactly what the topic is about but encourages you with the promise of good content. The sting the user gets is that they notice that it is bad content, and the user reacts based on their experience. In summary, a click bait title, like in this submission is a finely crafted memetic call. The more common observed "click bait" articles are more disappointing in content. Click bait is about the click, not the content.
- swombat 11y agoMy response to this kind of article is I clicked to read the comments but not on the article. Comments don't indicate anything all that interesting in the article, so I won't bother to click on the article. And yeah, it is a very click-baity title. "One weird decision-making trick you can use to become a billionaire!" would be another phrasing of it.
- gear54rus 11y agoWould like to disagree on that... If you saw an article, for example 'FTL travel is possible'. You think 'Oh lol wtf, impossible' but you still click on it. Inside you find a clear well-formed proof and whatever else you need to believe that it is indeed possible. Does that qualify as a clickbait as well?
- morganvachon 11y ago> Inside you find a clear well-formed proof and whatever else you need to believe that it is indeed possible. Does that qualify as a clickbait as well? No, and you stated why: The article delivers on its promise. If you had said instead "Inside you find a theory suggested by a discredited maniac who scribbles nonsense on his psych ward walls" then yes, it would have been click bait.
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- boothead 11y agoYou might also find Charlie Munger's mental models useful: http://www.thinkmentalmodels.com/ http://www.thinkmentalmodels.com/
- Galrito 11y agoToo bad it only works with iPhone. Is there a android / web book for this?
- ra 11y agoCheck out, "Poor Charlie's Almanac" by Peter D. Kaufman [1]. Also this essay [2] is a good intro. [1] https://www.poorcharliesalmanack.com/ https://www.poorcharliesalmanack.com/ [2] http://www.focusinvestor.com/FocusSeriesPart3.pdf http://www.focusinvestor.com/FocusSeriesPart3.pdf
- onion2k 11y agoA chap I know uses a 'trick' to help him make decisions - he doesn't make them unless they're important. In a restaurant he'll just tell the waiter to bring him something good. In a bar he'll go for whatever is closest. And so on. The theory, called ego depletion[1], says that you have a limited amount of energy for making decisions and once you use it up you'll find it much harder to make good choices. My friend sold his first company for upwards of $100m, so maybe there's something to it. I've tried it but I found it incredibly hard. I want to feel in control over the little things too much. [1] http://en.wikipedia.org/wiki/Ego_depletion http://en.wikipedia.org/wiki/Ego_depletion
- morganvachon 11y ago> In a restaurant he'll just tell the waiter to bring him something good. I've seen people do this, and my first thought is "what happens when the waiter brings him something he's allergic to?" The patron didn't make the conscious decision to order that specific food, which makes me think the restaurant is now open to a lawsuit. If I were the waiter in that scenario, I'd ask the patron if he's allergic to any of the foods the restaurant serves, which would probably ruin his ego depletion game but would at least cover the restaurant (hopefully) if he then succumbs to his dinner.
- jacquesm 11y agoIf you're allergic to something and you tell a waiter to just bring you anything I think you have about 100% of the responsibility all by your lonesome and if you sue the restaurant from that situation I sincerely hope that you not only lose but will be forced to cough up the legal fees for the defending party.
- morganvachon 11y agoI'd like to think you are correct, but (at least here in the United States) I can see the lawsuits piling up. People here sue over spilled coffee, it's not out of the realm of possibility.
- kriro 11y agoWhy not go the full distance and use the analytical hierarchy process?
- mitch37 11y agoWould be nice to use for political elections! So that the least hated / most liked candidate gets elected.
- henrik_w 11y agoThe summary is by Shane Parrish. I can really recommend his site Farnam Street http://www.farnamstreetblog.com/ http://www.farnamstreetblog.com/ for lots of good summaries.
- howlingfantods 11y agoI usually just flip a coin. If I have considered a problem for a significant amount of time and still have not come to a conclusion, it probably means that the two sides of an argument probably has equal weight and it doesn't matter which I choose. On the other hand, if I see the coin has landed on heads and I suddenly don't want to go through with the coin's choice, it probably means that I knew all along which was the better choice for me.
- seahorse 11y agoAn optimization is to notice which side you wish the coin lands at before it lands.
- cLeEOGPw 11y agoSo HN now contains click-bait links that are not sarcastically click-baity titled, but are actual trash links without substance? Who upvotes this? Can we make a system where a mod would honey-pot users who upvote titles like this, black list them and make their upvotes not count?
- WalterSear 11y ago"Decision-makers hate it."