Frameworks / The Shrink Decision Matrix
Shrink Framework
The Shrink Decision Matrix
A Shrink Framework, a model that ties these 8 concepts into one way of understanding a problem. Each concept links to its full page in the Atlas.
Outcome Bias
Good processes sometimes produce poor outcomes. Poor processes sometimes produce good outcomes.
Decision Recovery
Recovery is part of good decision-making.
Cognitive Calibration
Wisdom grows through continual recalibration.
Hindsight Bias
Knowing the outcome changes how we remember uncertainty.
Loss Aversion
The brain weighs losses more heavily than gains.
Sunk Cost Fallacy
Past costs shouldn't determine future decisions.
Error Monitoring
Healthy monitoring improves performance. Excessive monitoring interrupts it.
Cognitive Economy
Efficiency sometimes competes with accuracy.