Discussion Forum > Looking for old post about a purchase decision technique
The Secretary Problem: https://en.wikipedia.org/wiki/Secretary_problem
Written about in a friendlier way by American Scientist here: https://www.americanscientist.org/article/knowing-when-to-stop
Written about in a friendlier way by American Scientist here: https://www.americanscientist.org/article/knowing-when-to-stop
September 20, 2023 at 15:43 |
eiron page
eiron page
Maybe this one?
http://markforster.squarespace.com/blog/2007/2/5/the-resistance-principle-and-colleys-rule.html
http://markforster.squarespace.com/blog/2007/2/5/the-resistance-principle-and-colleys-rule.html
September 20, 2023 at 15:52 |
TopherJake
TopherJake
Colley's Rule:
http://markforster.squarespace.com/blog/2007/2/5/the-resistance-principle-and-colleys-rule.html
http://markforster.squarespace.com/forum/post/2326166
http://markforster.squarespace.com/blog/2007/2/5/the-resistance-principle-and-colleys-rule.html
http://markforster.squarespace.com/forum/post/2326166
September 20, 2023 at 15:55 |
Seraphim
Seraphim
Colley's Rule! That's the one I was looking for. And surprise surprise, a Google search comes up almost empty except for this exceptional forum. Thanks all!
I also appreciate the Secretary Problem as another method. And we are all about finding another method!
I also appreciate the Secretary Problem as another method. And we are all about finding another method!
September 20, 2023 at 20:45 |
Scott Moehring
Scott Moehring
1) find the first item that meets the need. That becomes the baseline.
2) look for the first item that is better than the baseline item.
3) choose that item, and get on with your day knowing that you statistically made a good choice.
It had something to do with not endlessly comparing, contrasting, weighing options, and ultimately taking a lot of time while still being vaguely dissatisfied.
If I recall, there was actually some math or science behind why it was a solid decision process.
Can anyone point me in the right direction? :)