Decision Quality
topic on 2 shows · 2 statements across 2 episodes
the Knowledge Project 
Capital Allocators
2 statements about Decision Quality, every show
Duke: People wrongly treat outcome quality as a proxy for decision quality
“We don't like randomness as a species, and so once we know the outcome, it's like we can't go back and kind of reconstruct
the
The decision tree in any kind of real way, and so what ends up happening is we use the outcome quality as too perfect a signal for …”
Mauboussin: Equating outcomes directly with decision quality is a big mistake
“The natural thing we all do then, of course, is after the fact, is say, successes should be equated with good decisions Decisions and failures equated with bad decisions, and that's a really big mistake in a lot of circumstances.”