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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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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I think people can aim to create surplus, spillover, and slack, but it doesn't necessarily turn out that way, due to uncertainty, lack of information, changing context, luck, etc.
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certainly, that's why it's still trying to make your own luck, not your own certainties
The outcome will still be subject to some amount of randomness. There is a good discussion of how we tend to overestimate the role of skill in results (good or bad) in 'Thinking fast and slow' by Kahneman, if you are interested.
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