Saturday, August 3, 2024

Second-order effect

 Second-order effect

The Road less stupid

Keith J Cunnigham pg.27


For every decision, ask the below questions : 

1. What is the upside?

2. What is the downside?

3. Can I live with the downside?


We only have a choice to make the decision, 

But not the consequences; 


So we better identify the probability :

benefits of success and

cost of failure! 


“Thinking about second-order , minimizes the probability of double-bogey”

-Keith J Cunnigham

 


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