
Career Decision Making
Career decisions have higher stakes, are often irreversible, have long horizons and uncertain outcomes.
Page Summary
A guide to making better career decisions, opening with Jeff Bezos's regret-minimization framework for leaving a secure job to start Amazon. It explains why career decisions are uniquely hard (high stakes, long horizons, information asymmetry) and the cognitive traps that corrupt them (WYSIATI, confirmation bias, narrative and sunk-cost fallacies, status-quo bias, analysis paralysis), then presents frameworks that help (weighted decision matrix, regret minimization, two-way versus one-way doors, pre-mortem, 10/10/10, expected value), how to decide under uncertainty, and how to evaluate competing offers.
Contributions
Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.
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Google acquired YouTube for $1.65 billion in 2006 (announced October 2006), not 2005
BeforeIn 2005, Susan Wojcicki - then a Google marketing executive - recommended that Google acquire YouTube
AfterIn 2006, Susan Wojcicki - then a Google marketing executive - recommended that Google acquire YouTube
Why: Corrected the year; Google acquired YouTube for $1.65 billion in 2006 (announced October 2006), not 2005. Verified already live on the article; also confirmed no leftover instances in faq, excerpt, meta_description, or seo_keywords.
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