Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts · chapter 6 · id thinking-in-bets-c6-04-suzy-welchs-10-10-10-rule----a
“Suzy Welch's 10-10-10 rule -- asking how you'll feel about a decision in 10 minutes, 10 months, and 10 years -- helps overcome temporal discounting by forcing consideration of long-term consequences.”
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Oprah.com, 'Suzy Welch's Rule of 10-10-10'paywalled · manual check queued
Welch's 10-10-10 method asks: What are the consequences of my decision in 10 minutes? In 10 months? In 10 years? The framework emerged from her own struggles with decision-making under pressure.
Nordic Business Forum, 'Suzy Welch: Making Better Decisions with the 10-10-10 Technique'source alive
Welch developed this method over a decade of practice and introduced it publicly in her 2009 book '10-10-10: A Life-Transforming Idea.'
Wikipedia, Hyperbolic discountingsource alive
Hyperbolic discounting creates temporary preferences for small rewards that occur sooner over larger, later ones. Decision makers act 'too impatiently' for short delays and 'too patiently' for long delays.
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