I think I just made up a good definition.
A good decision is one that leads to good outcomes now and good luck later.
Positive externalities if you like economics framing. Good decisions create surplus/spillover. I called it algorithmic bonus before. breakingsmart.substack.com/p/the-algorith
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Bad decisions also compound with escalating consequences till you die.
Making bad decisions decay requires designing antifragility into what you’re doing. It’s not a natural condition.
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If the only criteria for whether a decision is good is the results, then it can lead to what Annie Duke calls "resulting". Resulting can sometimes mislead people into making worse decisions in the future, or can distort a view of previous decisions.
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Yeah, poker players seem to talk a lot about this. Correct decisions can lead to loss and incorrect decisions can lead to wins.
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