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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Chris

As a contrary point of view, there often is a point of diminishing returns when evaluating fine differences in colleges. Once you get to a certain degree of quality—it’s clear that some colleges are obviously holistically better than others, but when it’s time to compare within a quality band—the experiences of a typical high school student simply don’t prepare you to make a real and informed decision or even to ask the right questions.

By analogy, during my university’s fraternity recruitment, all the fraternities tried to sell themselves on the quality of their brotherhood. However, that is something whose value is only understood after you’ve picked your fraternity and experienced it for yourself: most incoming freshman do not have analogous experience we could appeal to. Instead, there’s a reason why fraternities compete on who has the hottest women and best booze: those are metrics you know your audience understands.

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