Tom Griffiths : 3 ways to make better decisions — by thinking like a computer

Tom Griffiths·TEDxSydney
3 ways to make better decisions — by thinking like a computer
Summary 

The speaker’s three ways are to explore, exploit, and trade-off. 

Explore means to gather some information that you might be able to use in the future. 

Exploit means to use the information that you’ve already gathered, you already know, or is pretty good.

Trade-off means, of course, to exchange or to try something new. 

And then, thinking like a computer means, in fact, not to consider ALL of your options and to settle for a pretty good solution. This isn’t the concession that we make when we can’t be rational but this is rational like computer algorithms that are about doing what makes the most sense in the least amount of time and removing constraints.