Think proportionality for better decision
_Master the "Size Instinct" – Think Proportionately for Better Decisions
"Empowering professionals to think critically and make better decisions."_
📊 Did you know?
We humans have an instinctive tendency to misjudge the importance of a single number when it’s presented without context. This is called the size instinct—it makes big numbers seem overwhelming and small numbers insignificant.
But here’s the thing: numbers without proportions can be misleading.
Let me share three simple techniques to master the size instinct:
1. Get Things in Proportion
When faced with a "big" number, ask yourself: What happens if I compare this with another relevant number?
Example: Total carbon emissions of a country might look alarming, but if you divide it by the population, you get a clearer picture of per-person responsibility.
2. Use the 80/20 Rule
Focus on the vital few! Most of the impact often comes from a small percentage of causes.
Example: When analyzing company sales, look for the top 20% of products that bring 80% of revenue.
3. Compare Rates, Not Just Totals
When comparing groups of different sizes, always look at rates (per person, per unit).
Example: A country might have a high total number of doctors, but per 1,000 people, they may have fewer compared to a smaller country.
Numbers are powerful, but context makes them meaningful. Don’t let lonely numbers mislead you—always dig deeper!
"Empowering professionals to think critically and make better decisions."
What are your thoughts on mastering the size instinct? Let’s discuss! 👇
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