Decision making Quote by Ward Edwards

“The correctness of a decision can’t be judged from the outcome. Nevertheless, that's how people assess it. A good decision is one that’s optimal…

— Howard Marks

“They would learn to evaluate a decision not by its outcomes--whether it turned out to be right or wrong--but by the process that led…

— Michael Lewis

“Think of every decision as a bet with a probability and a reward for being right and a probability and a penalty for being…

— Ray Dalio

“There is always opportunity cost in choosing one path over others. The betting elements of decisions—choice, probability, risk, etc.—are more obvious in some situations…

— Annie Duke

“The quality of a decision cannot be solely judged based on its outcome.”

— Nassim Nicholas Taleb

“Sometimes we make decisions and we think that the decisions we make are to our benefit. Other times, we make decisions and at the…

— Scott Hildreth

Our subjective judgment of what seems like a good bet is irrelevant to what is actually a good bet.

— Richard Dawkins

“Contrary to what most people think, making a decision is one of the easiest decisions in the world, as is more than proved by…

— José Saramago

Often any decision, even the wrong decision, is better than no decision.

— Ben Horowitz

“Bernoulli observed that most people dislike risk (the chance of receiving the lowest possible outcome), and if they are offered a choice between a…

— Daniel Kahneman

“Over the course of our lives, we make millions and millions of decisions that are essentially bets, some large and some small. It pays…

— Ray Dalio

First, the only certainty is that there is no certainty. Second, every decision, as a consequence, is a matter of weighing probabilities. Third, despite…

— Robert Rubin