Yield-first bets and decisions

Everyday decision making has infinite leverage nowadays — whenever it’s through code, investments, your everyday actions have on your body, mind, family, society, portfolio, you name it.

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Healthy diet — start simple

The simplest brain exercise would be, whenever you eat a healthy diet, your body will repay it with brain clarity, stellar mental performance, probably better athletic outcomes. That’s it, for that day. That’s for example why one want’s to avoid sugar foods, mind labels of the food in the groceries and be picky about what they will put into the gut. That’s why it makes sense to make eating healthy — routine, framework. Philosophy eats light, mind caloric restriction, add whatever feels your great. Just not sugar.

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Time-oriented decisions — compounding effect

From here you can think of the long-term as one can realize that everyday decisions could have long-term effects. That's why having good and quality routines really matter. Try to count how many decisions you’ll make over the day. Try to think how much of that decision-making a short or long-term impact on your life. What’s are the outcome? Are they better or worse? Whenever you stop for a moment and think, you could make this better in the past, sounds like a regretting situation, which isn’t notable bad if you can reflect and learn from past experience and next time you can place much way better action. Simple as that.

You can think of your life as a bet. — yangwao

Whenever you choose to quit your job and go being entrepreneurs and hunt upsides, whenever you choose to tackle your health issue and trying biohacking methods, whenever you rather invest in assets that will eventually grow later, in the day, week, months or years. All have common that you are thank full that you made that decision, in past. Yet you at that particular moment in past did not realize how one small decision could change your life. Make it better, limit the source of unhappiness, enjoying life that you would not imagine before. Circling back that you should mind, even you think you are making a small decision, every action counts.

What’s get measured, gets managed

Construct of better decisions

I’ll try to briefly abstract to help you to most probably take decisions with better outcomes and be long-term oriented.

  • Whenever two equally difficult paths, choose the one more painful in the short term — pain avoidance is creating an illusion of equality
  • Choose the path that leaves you more equanimous in the long term
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Stabbing into dark

Probably curious attachment would be if you can’t choose wisely, choose randomly. Because even if you are not deciding, you are losing time every single second. Each option has probably advantages, but what if you flip a coin?

When your reasons are worse than useless, sometimes the most rational choice is a random stab in the dark

In the end, whenever you don’t see the reason for options, which to take, is at least great to have some and explore one and retract whenever you feel it’s lead nowhere.

Something, somewhere, is always playing dice.

Mind infinite timeline

Your decisions might be alive even you die. Eventually, people build a family, dead ones rest in the hearts of alive ones. Whenever you make decisions, you may have a positive or negative impact on someone's life. You can think of the decisions of reading this sentence, I had the decision to write this sentence just to simply demonstrate that one can be aware of their choices in everyday routine.

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Always play dice

You might think, the quality of our lives is the sum of decision quality plus luck. Choice, probability, risk, decisions and belief are all an integral part of a bet. All the decisions you make in life are bets. Not placing a bet on something is itself a bet. We are betting against all the future versions of ourselves that we are not choosing. Try to stop ignoring risk and uncertainty in every decision. Ignoring the risk and uncertainty in every decision might make us feel better for a while, but its effect on the quality of our decision-making can be tremendous.

All the decisions you make in life are bets.

You might guess what’s next

Hope was it eye-opener for someone who doesn’t think in long term taking every decision. To stay in touch you can follow my musings on Twitter, on Medium Matej Nemček 🌱🌍

If you don’t give up, you still have a chance. And when you are small, you have to be very focused and rely on your brain, not your strength. — Jack Ma

References

  1. Naval on decisions
  2. How to choose?
  3. The Social Contract — Jean-Jacques Rousseau
  4. Thinking in Bets — Annie Duke
  5. Book: Thinking in Bets — Annie Duke
  6. Thinking in Bets — yangwao
  7. Heuristics for decision making
  8. you can bet your life
  9. etymologynerd.com/blog/choices
  10. inevitability of hierarchy

experimental NFT landscape — https://nft.KodaDot.xyz