Resulting Flashcards
What is resulting ?
Resulting is the tendency to look at whether a result was good or bad to figure out whether a decision was good or bad.
Outcomes cast a shadow over the ‘decision process’, leading you to overlook or ‘distort information’ about the process, making your view of decision quality fit with outcome quality.
Why cant you tell that much about the quality of a decision from a single outcome ?
Because of luck.
In the short-term, for any single decision, there is only a loose relationship between the quality of the decision and the quality of the outcome. The two are correlated, but the relationship can take a long time to play out.
Luck is what intervenes between your decision and the actual outcome. Resulting diminishes your view of the role of luck.
What should be your goal while making a decision ?
When you make a decision, you can rarely guarantee a good outcome (or a bad one).
Hence, goal is to try to choose the option that will lead to the most favorable range of outcomes.
Making better decisions starts with learning from experience. How does resulting interfere with that ?
1) a) Resulting interferes with that learning, causing you to repeat some low-quality decisions and stop making some high-quality decisions.
1) b) It also keeps you from examining good-quality/good-outcome decisions (as well as bad-quality/bad-outcome decisions), which still offer valuable lessons for future decisions.
2) Resulting reduces compassion when it comes to how we treat others and ourselves.
