First Principles & Regret Minimization for Long-Term Vision
3-Line Summary Why do even excellent engineers succumb to short-term temptations (competitor following, market voices)? Understanding the structure of cognitive biases and organizational pressure First principles thinking reveals essence, regret minimization provides long-term perspective. Integrating both solves the problem that “questioning assumptions alone doesn’t lead to innovation” Practical framework immediately applicable to project prioritization, technology choices, and career decisions. Make decisions you won’t regret at age 80 Why We Succumb to Short-Term Temptations As we saw in Defining Vision: Strategic Choice from Past Success & Failure, there are three temptations in vision definition: competitor following, market voices, and technological possibilities. Using these as decision criteria seems rational at first glance. However, following them generally distances us from essence and long-term success. ...