Sunday, December 5, 2010

The Best/Worse Analysis Formula

Dr. Ben Carson (Dr. Don Long's protege at Johns Hopkins) looks at problems the same way my wife and I always have - a simple, but logical approach. 

  Below is from Ben Carson's book "Take The Risk":

The Best/Worse Analysis Formula

Whether it is deciding on career moves, knowing whether to accept speaking engagements, or discerning which cases to accept, I analyze the risk.

How do I analyze risks and arrive at a decision?

I use a formula that I designed called the Best/Worst Analysis (B/WA) formula. It is actually quite simple.

  • What is the best thing that can happen if I do this?
  • What is the worst thing that can happen if I do this?
  • What is the best thing that can happen if I don’t do it?
  • What is the worst thing that can happen if I don’t do it?