Business Scorecard: Keep Your Business on Track

Business Scorecard: Keep Your Business on Track

How can creating a business scorecard help you monitor performance and stay on track towards your business objectives? Most companies rely instead on a P&L statement, but by the time you get it, problems have already occurred. A business scorecard offers organizations a snapshot of their current performance as benchmarked against their goals. With the business scorecard, you can see where you are and, if necessary, change where you’re headed. Here is how to create your business scorecard in five simple steps.

The Art of Uncertainty by David Spiegelhalter: Overview

An uncertain person struggling between an apple and orange

Most people don’t handle uncertainty well—we rely on gut feelings and vague language like “probably” or “likely” that mean different things to different people. The Art of Uncertainty by David Spiegelhalter reveals why our intuitions about uncertainty mislead us and offers a better approach: probabilistic thinking. If you master Spiegelhalter’s method for dealing with uncertainty, you’ll make better predictions, communicate risks clearly, and avoid both overconfidence and excessive caution. In our overview, you’ll learn why most “coincidences” are statistically inevitable, how to update beliefs when facing new evidence, and why intellectual humility beats false certainty.

Daniel Kahneman’s Prospect Theory: The Ultimate Guide

Daniel Kahneman’s Prospect Theory: The Ultimate Guide

Why do we fear losses more than we value gains, or obsess over unlikely disasters while downplaying probable success? Psychologist Daniel Kahneman’s prospect theory reveals that emotions—not pure logic—drive most of our choices. Prospect theory explains how we evaluate options based on reference points rather than absolutes, why proportional changes matter more than fixed amounts, and why loss aversion shapes our behavior more powerfully than any potential reward. Learn more about how understanding prospect theory can help you recognize emotional biases in your own decision-making and make more intentional choices.

On the Edge: Quotes by Nate Silver About Gambling

A woman looking at a neon sign that reads "RISK"

In On the Edge, statistician Nate Silver reveals a surprising truth about power in modern society: The people making the biggest impact—from tech entrepreneurs to hedge fund managers to effective altruists—think like professional gamblers. Drawing on his unique background as both a former poker player and a data journalist, Silver shows how the mathematical mindset of gambling shapes decision-making at the highest levels of business, technology, and philanthropy. As we navigate an increasingly uncertain world, the ability to think probabilistically and make calculated bets has become essential for anyone seeking to make an impact or build wealth. Below, we’ll look

How to Measure Anything by Douglas W. Hubbard: Overview

A businessman measuring with a ruler on a table

In How to Measure Anything, Douglas W. Hubbard challenges conventional notions about measurement and provides practical insights on making informed decisions based on measurable data. An expert in the field of applied information economics, measurement, and decision analysis, Hubbard’s work focuses on helping organizations make better decisions by quantifying uncertainty and measuring things that many believe are unmeasurable.  Below, we’ll explain that measurement is simply the reduction of uncertainty—not the elimination of it; why every measurement needs to be taken to help inform a decision; and we’ll offer some measurement tools and techniques you can use to put these principles

Think Like a Freak by Steven Levitt & Stephen Dubner: Overview

An artistic image of a person thinking while numbers come from their head

Why do so many people fail to solve problems effectively? How can you use data to solve your problems? Think Like a Freak by Steven Levitt and Stephen Dubner offers a revolutionary approach to problem-solving. The authors show you how to tackle everything from personal dilemmas to global issues by adopting a data-driven mindset that questions assumptions and embraces unconventional thinking. Keep reading for an overview of the book Think Like a Freak.

On the Edge: Book Overview & Takeaways (Nate Silver)

A man reading a book in the dark

What’s On the Edge by Nate Silver about? What do Silicon Valley entrepreneurs, professional poker players, and effective altruists have in common? According to Nate Silver, all of the people above think like players at a high-stakes poker table. In his book On the Edge: The Art of Risking Everything, Silver reveals how the world’s most influential people use probabilistic thinking and calculated risk-taking to achieve extraordinary success. Read more in our On the Edge book overview.

Don’t Trust Your Gut: Overview (Seth Stephens-Davidowitz)

A woman wearing a cream-colored sweater and jeans reading a book that she's holding on her lap

Is big data the guide to making better life decisions? Can millions of data points on behavior replace your own intuition? In his book Don’t Trust Your Gut: Using Data to Get What You Really Want in Life, Seth Stephens-Davidowitz shows how big data can provide scientific answers about which life choices lead to better outcomes. He argues that you should rely on data rather than your intuition. Keep reading to discover how numbers, not narratives or instincts, can help you make smarter choices.

The Role of Luck in Success: What Big Data Shows

A smiling woman in a bright yellow sweater holding a large four-leaf clover illustrates the role of luck in success

What role does luck play in achieving success? Can you strategically increase your chances of catching a lucky break? In his book Don’t Trust Your Gut, Seth Stephens-Davidowitz uses data analysis to explore the role of luck in success. He reveals that, while luck creates opportunities for everyone, those who succeed are the ones who consistently take advantage of these moments. Keep reading to discover how you can tip the odds in your favor by making choices that maximize your chances of success.

Data-Based Decision-Making Is Better Than Trusting Your Gut

A crossroads with one road sign pointing to "DATA" and the other pointing to "GUT" illustrates data-based decision-making

Is your intuition leading you astray? How can you make better life choices using hard data instead of gut feelings? In his book Don’t Trust Your Gut, Seth Stephens-Davidowitz reveals that data-based decision-making is far more reliable than human intuition. He explains how our minds are full of cognitive biases and how we’re easily misled by exceptional stories that we mistakenly believe represent the norm. Keep reading to discover how researchers are determining which choices actually lead to positive outcomes.