Model
Reversible Decisions
quote
There is a natural conflict between the desire to make decisions quickly and the feeling that you need to accumulate more information to be sure you are making the right choice. You can deal with this conflict by categorizing decisions as either reversible decisions or irreversible decisions. Irreversible decisions are hard if not impossible to unwind. And they tend to be really important. Think of selling your business or having a kid. This model holds that these decisions require a different decision-making process than their reversible counterparts, which should be treated much more fluidly. In a letter to shareholders, Amazon CEO Jeff Bezos stressed the importance of this model:
From
Chapter:
Anything That Can Go Wrong, Will
Section:
Too Much Of A Good Thing
