A higher chance of failing is more tolerated on paths that don't rock the boat. After all, what's the go-to defense in a postmortem after we make a d… - Annie Duke

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A higher chance of failing is more tolerated on paths that don't rock the boat. After all, what's the go-to defense in a postmortem after we make a decision that doesn't work out? "I followed procedure," or "I stuck with the status quo," or "I made the consensus choice."

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Birth Name: Anne LaBarr Lederer
Alternative Names: Anne LaBarr Duke Annie Lederer Anne Lederer
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And this feeling that the result of the decision tells you something significant about the quality of the decision process is so powerful that even when the description of the decision is identical (you quit your job and take a new position), your view of that decision changes as the quality of the result changes.

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But for so many of us, that fear of falling short makes us not want to start. As Richard Thaler quipped, "If a gold medal in the Olympics is the only grade that passes, you do not want to ever take your first gymnastics class."

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