{"id":14152,"date":"2016-04-12T17:24:34","date_gmt":"2016-04-12T21:24:34","guid":{"rendered":"http:\/\/mjtsai.com\/blog\/?p=14152"},"modified":"2016-04-12T17:24:34","modified_gmt":"2016-04-12T21:24:34","slug":"jeff-bezos-on-decision-making","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2016\/04\/12\/jeff-bezos-on-decision-making\/","title":{"rendered":"Jeff Bezos on Decision Making"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessinsider.com\/jeff-bezos-on-type-1-and-type-2-decisions-2016-4\">Matt Rosoff<\/a>:<\/p>\n<blockquote cite=\"http:\/\/www.businessinsider.com\/jeff-bezos-on-type-1-and-type-2-decisions-2016-4\">\n<p>He first says Amazon is the <a href=\"http:\/\/www.businessinsider.com\/amazon-ceo-jeff-bezos-best-place-in-the-world-to-fail-2016-4\">best place in the world to fail<\/a> because the company is willing to take big risks with the knowledge that 90% of them will fail.<\/p>\n<p>But then he goes on to carefully distinguish two kinds of decision-making that affect how he thinks about risks.<\/p>\n<p>Type 1 decisions are not reversible, and you have to be very careful making them.<\/p>\n<p>Type 2 decisions are like walking through a door &mdash; if you don&rsquo;t like the decision, you can always go back.<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Matt Rosoff: He first says Amazon is the best place in the world to fail because the company is willing to take big risks with the knowledge that 90% of them will fail. But then he goes on to carefully distinguish two kinds of decision-making that affect how he thinks about risks. Type 1 decisions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2],"tags":[19,101,601],"class_list":["post-14152","post","type-post","status-publish","format-standard","hentry","category-technology","tag-amazon","tag-business","tag-jeff-bezos"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/14152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=14152"}],"version-history":[{"count":1,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/14152\/revisions"}],"predecessor-version":[{"id":14153,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/14152\/revisions\/14153"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=14152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=14152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=14152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}