Results don't need to match decisions

Life would be easier if we started thinking in bets instead of decisions.

Decisions involve a part of yourself. It is this sunk cost fallacy that makes you stick to them, even after being proven wrong.

Instead, decisions are part of betting but also include the hidden factor of a result: luck.

Decisions seem like a philosophical move: "I'm a vegetarian," "I'm a designer," and this shapes the outcome.

The anatomy of a bet is different. There is an expected result, and the two key factors affecting the outcome are: 1. Skill and 2. Luck.

When asked about your best and worst decisions of the year, we tend to answer not according to our decision, but the result.

And trust me, you can have a bad result and still have made a good decision.

The hardest part is separating luck from the equation to gain a clear understanding of how to improve your skills, but that is really challenging to do.

So make your life easier: Start thinking in bets instead of decisions and never confuse the quality of the decision with the result.