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In practice, I've found that it is difficult to maintain an overconfident stance in the face of a wager, especially when new info appears and I begin to prod for % adjustments in the belief. Also in practice, it becomes a norm, and the team goes 👎 to someone who doesn't update.
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Yup! It became a norm in my team. I think for technical decision making it wasn't as useful (just a way to get people to express how confident their judgements were) but with business decision making, it became super useful, because high uncertainty re: competitors.
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