Tuesday, November 24, 2009

On evaluating decisions

A topic which I've addressed on more than one occasion is the evaluation of decisions, and the issue of whether the outcome of events following a decision is the proper way to evaluate the decision or the decision-making process. It isn't. Which I've summarized now, in a way that I like.

An unlikely outcome can condemn a good decision, but cannot turn it into a bad one. It can redeem a bad decision, but cannot turn it into a good one.
- Lyford Beverage

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