Improve Your Decision-Making with These 10 Cognitive Razors
The average adult makes about 35,000 conscious decisions each day.
Given this sheer volume of choice, how do we ensure we’re making the right decisions, day in and day out, without becoming exhausted?
Using insights from investor and thought leader Sahil Bloom, this graphic shares 10 cognitive razors, or rules of thumb, that can help you simplify your decision-making.
We’ve organized Bloom’s favorite cognitive razors into three overarching categories, which we dive into in further detail below.
Location, Location, Location
The first theme is location, and the importance of being at the right place at the right time.
The Luck Razor falls into this category because it highlights the importance of putting yourself out there. According to the Luck Razor, when choosing between two paths, pick the one with the largest “luck surface area,” or the path that offers you the most opportunity to get lucky.
This is because when you’re networking, meeting people, and building new relationships, you’re much more likely to stumble upon an opportunity than if you were sitting on your couch, not taking action.
The Rooms Razor follows a similar theme because it emphasizes the importance of your surroundings. It stresses that, if you have a choice between two rooms to walk into, choose the one where you’re most likely to be the dumbest person in the room.
While it’s a bit of an uncomfortable situation, it provides a greater opportunity for growth, as long as you check your ego at the door and listen to what others have to say.
Lastly, the Arena Razor reminds us that when we want something, we need to take the necessary steps to make it happen.
For instance, if you want to become a social media influencer, you need to start creating content and posting it online. It’s not easy to put yourself out there and take action, but if you want to play the game, you need to be in the arena.
The Power of Positive Thinking
The next theme is the power of mindset and positive thinking. This relates to how you view your life, the people you choose to surround yourself with, and how you interpret the actions and opinions of others.
According to the Gratitude Razor, when in doubt, don’t hesitate to show your gratitude to people who have supported you, or given you advice or opportunities.
Research studies have shown that expressing gratitude and giving thanks can be correlated with greater happiness, improved health, and stronger more meaningful relationships. So make sure to say thank you regularly, and tell your loved ones how much you appreciate their support.
It’s not just your mindset that’s important, though. The Optimist Razor recommends surrounding yourself with optimists, rather than pessimists. Pessimists may point out everything that could go wrong in a scenario, which might discourage you to break out of your comfort zone.
Optimism, on the other hand, will emphasize everything that could go right—and may even help you problem solve if you encounter problems along the way.
Keep Decision-Making Simple, Silly
The last one is quite simple, really: don’t overcomplicate things.
Occam’s Razor, which is named after the 14th-century scholar Franciscan friar William of Ockham, is generally interpreted as the following: when faced with a decision between two competing theories that generate the same outcome, the simplest theory is often the best one.
As Bloom says in this blog post, “simple assumptions [over] complex assumptions. If you have to believe a complex, intertwined series of assumptions in order to reach one specific conclusion, always ask whether there is a simple alternative assumption that fits.”
The ability to make things simple is also a good indicator of how deeply you understand something. According to the Feynman Razor, if you can’t explain a concept simply, then you don’t really understand it. So, if someone uses a ton of jargon or complexity to explain something, they could be masking a lack of deeper knowledge on the topic.
Editor’s note: For more information on cognitive razors and simplifying your decision-making, check out Sahil Bloom’s newsletter, or listen to his podcast episode where he talks about the most powerful razors he’s discovered so far in life.
Ranked: America’s Best Universities
Evaluated on 19 different metrics, here’s the list of America’s best universities, led by 14 private schools.
Ranked: America’s Best Universities
The latest ranking of America’s best universities is here, perfectly timed for the approaching admissions season.
“Best” is of course subjective, and U.S. News and World Report has compiled 19 metrics on which they evaluated more than 400 national universities. Some of them include:
- Graduation rates & performance: A four-year rolling average of the proportion of each entering class earning a bachelor’s degree in six years or less. Performance is measured against predictions made by the publishers, and when beaten, the university gains a higher scoring.
- Peer assessment: A two-year weighted average of ratings from top academics—presidents, provosts and deans of admissions—on academic quality of peer institutions with which they are familiar.
- Financial resources: The average per student spend on instruction, research, student services and related educational expenditures in the 2021 fiscal year.
- Debt: A school’s average accumulated federal loan debt among borrowers only.
- Pell graduation rates & performance: the same calculation as stated above, but focused only on Pell Grant students, adjusted to give more credit to schools with larger Pell student proportions.
The website’s methodology section details how they sourced their data, the weights assigned to each metric, and their changes over the years.
From the hundreds assessed come the nearly 50 best universities that offer a variety of undergraduate majors, post-graduate programs, emphasize research, or award professional practice doctorates.
Which are the Best Universities in America?
At the top of the list, Princeton University is the best university in the country, known for its physics, economics, and international relations departments. Notably, it’s a rare Ivy league university that does not have a law, medical, or business school.
Here’s the full ranking of America’s best universities, along with annual tuition requirements.
|1||Princeton University||New Jersey||$59,710|
|7||Duke University||North Carolina||$66,172|
|9||Brown University||Rhode Island||$68,230|
|12||Columbia University||New York||$65,524|
|12||Cornell University||New York||$66,014|
|12||University of Chicago||Illinois||$65,619|
|18||Dartmouth College||New Hampshire||$65,511|
|20||University of Notre Dame||Indiana||$62,693|
Michigan, Ann Arbor
|22||Georgetown University||Washington, DC||$65,082|
|22||University of North|
Carolina at Chapel Hill
|North Carolina||$39,338 (out-state)
|24||Carnegie Mellon University||Pennsylvania||$63,829|
|24||University of Virginia||Virginia||$58,950 (out-state)
University, St. Louis
California, San Diego
|28||University of Florida||Florida||$28,658 (out-state)
|35||New York University||New York||$60,438|
|35||University of Illinois|
|New Jersey||$36,001 (out-state)
|40||University of Washington||Washington||$41,997 (out-state)
|43||The Ohio State University||Ohio||$36,722 (out-state)
|47||Texas A&M University||Texas||$40,607 (out-state)
|47||University of Georgia||Georgia||$30,220 (out-state)
|47||University of Rochester||New York||$64,384|
|47||Virginia Tech||Virginia||$36,090 (out-state)
|47||Wake Forest University||North Carolina||$64,758|
|53||Florida State University||Florida||$21,683 (out-state)
|53||William & Mary||Virginia||$48,841 (out-state)
MIT places second, and Harvard and Stanford tie for third. Yale rounds out the top five.
Private universities, including seven Ivy League colleges, dominate the top of the rankings. Meanwhile, the highest-ranked public schools are tied at 15th, both state schools in California.
For affordability, since the higher ranks are populated by private universities, there tends to be a broad correlation of better universities being more expensive. That said, the most expensive school in the top 50 ranks is actually the University of Southern California, tied at 28th, for $68,237/year.
As it happens, also tied at 28th, the University of Florida is the most affordable public school for in-state students ($6,381/year) and Florida State University tied at 53rd, is the most affordable for out-of-staters at $21,683/year.
However these costs are tuition-only, and don’t account for other necessary expenses: accommodation, food, and textbooks.
Best University versus Best “Fit”
Finding the best university for prospective students is more than just perusing a long ranking list.
Aside from the numerous schools present within each university—which can often be the best for specific majors—factors like location, proximity to family, campus culture, the non-academic pursuits (sports, extracurriculars, internships) are also taken into consideration.
In fact, research has found that just attaining a university degree improves future earnings potential and employability.
Furthermore, individual engagement at college (irrespective of the rank of the school in question) plays a far bigger role in learning and general well-being than simply attending a highly-ranked school.
However, for low income and minority students, attending a top-ranked school does improve future earnings considerably. For women, it also often results in delaying marriage and kids, which results in more work-hours and as a result, more pay.
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