Business

15,000 total viewers separated CNN’s Erin Burnett OutFront from MSNBC’s The Weeknight.Read More

The Last Word with Lawrence O’Donnell was MSNBC’s highest-rated show, while the return of Anderson Cooper boosted AC 360 to over a million total viewers.Read More

CNN’s Erin Burnett OutFront finished with 63,000 fewer total viewers than MSNBC’s The Weeknight at 7 p.m. ET.Read More

This sits right next to, “I made a bad decision,” in things that are hard to say. But there are many moments when we’re confused about what actually happened.

You might not have made a bad decision. And it’s also possible you didn’t make a mistake.

It could be that there was simply a bad outcome.

That’s different.

Annie Duke opened my eyes to the distinction, and it’s critically important.

Good decisions are calculations based on what you know right now. If the world turns out differently than the data you had indicated, that’s not a bad decision.

A bad decision is one that isn’t based on available facts. It falls into traps like sunk costs or peer pressure. A bad decision is an error in judgment or skill. Good decision makers, when faced with the same options as you had, would not have done what you did.

But good decisions often can lead to undesired outcomes.

Taking the 8:20 train is a good decision, and if the train breaks down and you’re late, it was still a good decision.

Buying a lottery ticket is never a good decision. Sometimes you win, that’s great, but given the data you had when you bought the ticket, there are clearly more profitable ways to invest your money.

If you start a business and unlikely events cause that business to fail, it’s not at all clear that you made a mistake (or a bad decision). What is clear is that the business failed, and you are involved in cleaning up a bad outcome.

The words matter. Because we should repeat our good decisions and avoid our avoidable errors.

Outcomes happen, every time. But we’re only able to be smart about what we know (including the odds), not about what is about to happen.

Read More

She told staff it was the “perfect time” to retire.Read More

Castillo joined KDEN in 2023 as a multimedia journalist.Read More

CMO Marian Lee revealed way more than One Piece of info, as a new Netflix House comes to Las Vegas.Read More

Parsing the generational divide in Morning Consult’s Most Trusted Brands survey.Read More

Women’s sports are undeniably on the rise. But according to Olympic track and field athlete and entrepreneur Allyson Felix, women’s sports marketing is still virtually nonexistent. Take a once-in-a-generation athlete […]Read More

There are currently no industry standards around declaring whether AI is used in creating audio ads.Read More