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Rules of Thinking, The
book

Rules of Thinking, The

by Richard Templar
September 2019
Intermediate to advanced content levelIntermediate to advanced
240 pages
4h 15m
English
Pearson Business
Content preview from Rules of Thinking, The

RULE 83

Assess the cost of a bad decision

I well remember talking to a friend once who was agonising over a tricky decision. He had been losing sleep over it, worried he might get it wrong. I asked him, ‘What’s the worst-case scenario?’ and had the delight of watching the relief palpably spread across his face as he realised that although it was a big decision, the worst that could happen wasn’t that bad.

You’d be surprised how often this is the case. In that instance, he was trying to decide whether to change jobs. He worked in an industry with a buoyant jobs market, and had valuable skills, so actually if he hated the new job he could just move again. Not ideal, but also not a catastrophe, not that likely, not worth losing sleep over.

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Publisher Resources

ISBN: 9781292263823