Mental Models and Making Decisions You Don’t Regret

What makes a good decision? When I ask people that question, I often get answers like:

“When the outcome is successful.”

Why is it that we, as a society, romanticize outcomes? Only things and people that succeed are celebrated. Just look at all the articles and books that idolize successful people. And to a degree, that’s obvious.

But it’s also misleading. We tend to overlook cases that did not come with a successful outcome. And when we do look at failure, we are often quick to explain why things failed.

In hindsight, we can all look at mistakes and say that it was imminent. But if preventing mistakes is that easy, why are we still make decisions that we regret?

Take the case of the Titanic. Looking back, we all know that the luxury liner that traveled from Southampton to New York made many costly mistakes.

For example, it is well known that the Titanic didn’t carry enough lifeboats.

“What happens when all the lifeboats are used in case of an emergency?” is something that someone surely said, right? We just don’t know! We weren’t there.

How about another interesting fact? The Titanic was tested for 6 hours and never with a full crew. After that, they loaded up the passengers and set sail towards New York.

“Shouldn’t we try this thing out more before we bring passengers on board?” someone surely said. I guess not.

But here’s the thing. No one wanted the Titanic disaster to happen. And no one predicted it…Until after the fact.

A few decades before all those innocent people died, Fyodor Dostoevsky famously said:

“Everything seems stupid when it fails.”

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