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
Conversation
Replying to
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.
2
1
Replying to
Yeah, poker players seem to talk a lot about this. Correct decisions can lead to loss and incorrect decisions can lead to wins.
Replying to
I think poker is still enough of a known-probabilities statistics game that "correct" and "incorrect" can describe decisions. Most of the time when I'm looking back and attempting to figure out if something is a good decision or not, it's murkier than that.
1

