Do your homework!

Almost every time I’ve made a major decision about how to spend my time, I’ve later thought to myself, “Man, if I had done my homework better on this decision, I would probably have made a better call.” Not that I think most of my decisions were bad—I think many of them were probably a good call anyway—just that they would have been improved (in expectation) by more thoroughly trying to learn things like:

This phenomenon has persisted despite me being aware of, and trying to correct, this tendency not to do enough homework. For instance:

Again, most of these things worked out pretty well in the end. But in each case I think there would have been pretty high returns to getting more information about my options and doing more to resolve my uncertainty about them.


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