Quotes About Decision

but would treat cost of search as "loss.

We" are the empirical decision makers who hold that uncertainty is our discipline, and that understanding how to act under conditions of incomplete information is the highest and most urgent human pursuit.

Innovation is saying no to 1,000 things.

People are scared of the alternative.

it depends on how the choices are presented to you.

their role being confined to analysis, not decision making.

will side in favor of Rav Safra's action in the debate.

they think in terms of actions, never interactions.

My point is that wisdom in decision making is vastly more important—not just practically, but philosophically—than knowledge.

should avoid engaging in an action with a big downside if one has no idea of the outcomes.

In fact for most people except those that are very ill, the risks outweigh the benefits.

the alternative would have been inconceivable.

Never cross a river if it is on average four feet deep

Another case where economists may inspire us but should never tell us what to do

the choices and preferences are those of the majority.

judged by their actions, not by the results. No matter how sophisticated our choices, how good we are at dominating the odds, randomness will have the last word.

because they want to make sure it is available if they decide they want to use it on a whim.

Never buy when you can rent the three Fs

in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can't know) is the central idea of uncertainty.

Never ask people what they want, or where they want to go, or where they think they should go, or, worse, what they think they will desire tomorrow.

So, Nero switched careers to what is called proprietary trading.

that professionals are significantly influenced by numbers that they know to be irrelevant to their decision

sometimes life requires compromises:

When there are few choices, McDonald's appears to be a safe bet.