Monday, September 12, 2011

Thinking Like an Engineer

Most people don't know how to quantify their decisions. They think the world is black or white. You are either for or against something.

But there is a different way. You evaluate what an option cost. It is called a cost-benefit analysis. You can use it to evaluate alternatives and come up with a more rational decision, one based on understanding the hidden costs to the decision as well as the hidden benefits.

Here's an example:

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