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Feb 02, Patrick Peterson rated it really liked it Shelves: autobiography , business , economics , humor , libertarian , philosophy , psychology , self-help , sense-of-life. I read this book shortly after it came out and liked it so much I hosted a dinner event for the two authors to talk about the book to a gathering of the Jefferson Club in the SF Bay Area.
The book was a very good application of some basic economic insights to how to deal with decisions, important and not so important in your life. Many fun, touching and informative autobiographical examples were retold in the book. The style I found not too preachy or too flip, just about right. View 2 comments. Sep 19, Zenzi rated it it was amazing. This book was listed for advanced microeconomics class in grad school. We had to write a review on it and tie it to principle in economics. But, it turned out to be just a great common sense book for decision making! You don't need a degree in economics to read this!!
Feb 19, Suhrob rated it it was amazing. That is the case with this book too, but still this one sticks out for me as better than average. I really enjoyed it actually! Also - just look at the cover.
Incredible :. Feb 08, Leila rated it it was amazing. Love this book! I refer to it and recommend it often. The difference between reasons and objectives alone is a lesson worth reading this for.
Nov 15, Cara rated it liked it. This is a not particularly useful book on decision-making. Some of it is useful decision trees, risk, etc. It's not terrible, but I can't help but feel that there must be similar but better books out there.
While it may be true that it does come more naturally to some, it is a skill that can be learnt. We moved your item s to Saved for Later. Kudos to Gates and his pals, of course, for seeing that the real money would be in software, not hardware. So unless I had a high percentage play, I'd be okay with losing a down. The authors are free market economists who value correct thinking in unison with business and life. Time is money but for some reason consumers forget how much time they waste to get a deal.
I'm also currently reading The Thinker's Toolkit: 14 Powerful Techniques for Problem Solving , which is a bit better, but still not great. Joseph rated it it was amazing Apr 09, Katrina Yeager rated it really liked it Apr 20, Xia Rongxin rated it really liked it Mar 08, Lisa rated it it was amazing Jan 31, John rated it liked it Jan 25, Asa Whillock rated it it was ok Jan 24, Peter rated it liked it Jun 22, Michael Tew rated it really liked it Oct 15, Denise rated it it was ok Sep 21, Jeb Brees rated it really liked it Jan 02, Tim rated it it was amazing Jan 04, Tim rated it it was amazing Oct 19, Bob Croft rated it liked it Feb 05, Paige rated it liked it Nov 22, Katia Hayati rated it really liked it Jul 30, Philip rated it it was amazing Apr 25, Raghavendra rated it really liked it Apr 18, Joel Smith rated it liked it May 13, Neil Rempel rated it really liked it Oct 10, Brenda Piampiano rated it really liked it Aug 21, Joni Martikainen rated it it was ok Jul 17, Tricia Smith rated it really liked it Aug 28, Kathleen rated it it was amazing Mar 27, There are no discussion topics on this book yet.
About David R. David R. Henderson also blogs for the economics blog EconLog along with Bryan Caplan. From to , he was the senior economist for health policy and, from to , the senior economi Professor of economics at the Naval Postgraduate School in Monterey, California, research fellow at the Hoover Institution, Fraser Institute and Independent Institute, editor of The Fortune Encyclopedia of Economics.
IBM agreed to pay a modest royalty on each copy that would be sold with its new machines. Kudos to Gates and his pals, of course, for seeing that the real money would be in software, not hardware. Had IBM insisted on exclusive rights, it might have forced Gates to concede — or they might have sought out another developer. He and his partners still might have been successful, but the odds are not nearly so spectacular. So it is with any decision: the chain of events that brings you to a choice point will be shaped by luck, good or bad.
For that matter, luck governs whether rain or sun that day will make your mood sour or buoyant. And the same is equally true for everyone with whom you deal. Philosophers, political theorists, and strategists have long acknowledged the large role that luck plays in every aspect of our lives. So, why does acknowledging this help business decision makers in any way?
Once we acknowledge how much depends on luck, we do two things differently, I think. First, we study decision making differently, no longer assigning brilliance to every decision that, viewed retrospectively, worked out well. Second, we might focus on different skills as important to important decision points, such as the flexibility to capitalize on changes in luck versus the ability to predict in advance how things will play out. For better or worse, the intelligence, values, and needs of whomever you interact with impact your success as much as your own resources.
Understand this and you act differently, knowing that your own skill will be tested by how well you play the cards you are dealt. Decision making. Michael Wheeler. Partner Center.