What do burglars, Stanford’s football team, and Federal Reserve chair Janet Yellen have in common? They all use simple rules to help them navigate complex challenges, according to a new book by Stanford professor Kathleen Eisenhardt.
Many burglars follow just one rule that significantly lowers their risk of getting caught — they pass on houses where there are cars in the driveway, says the book, which Eisenhardt co-authored with Donald Sull, a senior lecturer at the MIT Sloan School of Business. Cardinal football players follow three simple dietary rules: Eat breakfast; stay hydrated; and eat as much as you want of anything that can be picked, plucked, or killed. And Yellen adopted a “mind the gap” rule which uses targets for unemployment and inflation to inform the Fed’s interest rate decisions.
More here – Stanford Graduate School of Business
2000 years ago a retired prince sat around for quite a while and came up with these 3 little gems –
1. Don’t harm
2. Help
3. Think about 1 and 2
Which translates today to –
1. Don’t be an aunt
2. Don’t be an aunt
3. Think about not being an aunt the whole time