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Chapter 15. Open Your Mind to New Knowledge > The Four Parts of Knowledge

The Four Parts of Knowledge

The knowledge you would like to have when making decisions comes in four parts. This is what you would know if you were to make a completely rational decision.

The Four Parts What You Need to Know
1. Actions What are the possible actions you could take?
2. Outcomes What are the possible outcomes of each action?
3. Probability What is the probability of each possible outcome?
4. Desirability What is the desirability of each possible outcome?



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