“Thinking About Decisions as a Weighted Factor Model” by Joey 🔸, Ben Williamson

Making good decisions under significant uncertainty is a central skill for anyone trying to understand how they can maximise the positive impact of their work or donations. This is something we look for at AIM for both our Charity Entrepreneurship program and when hiring new staff, such as in the four roles we currently are advertising. In good news, decision-making is a skill that you can improve. Thinking about decisions as a weighted factor model (WFM) is a useful framework I’ve found for improving my decision-making. I think about a lot of decisions in terms of WFM: I ask myself, what would make a great model versus a bad model for thinking about this issue? I think a good WFM, and thus a good decision, often comes down to two major factors I see a lot of variance in: Number of meaningfully different heuristics considered (the criteria [...] ---Outline:(01:18) Considering many heuristics(03:13) Generating more options: numbers and divergence(06:27) Bringing it all together(07:44) Why does this matter?The original text contained 1 image which was described by AI. --- First published: October 30th, 2024 Source: https://forum.effectivealtruism.org/posts/ctm5iKzP9EcoNtBxB/thinking-about-decisions-as-a-weighted-factor-model --- Narrated by TYPE III AUDIO. ---Images from the article:Apple Podcasts and Spotify do not show images in the episode description. Try Pocket Casts, or another podcast app.