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Expected Value Decision Calculator

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Chris Laub
Contributed byChris LaubXSource

Mar 2, 2026

Expected Value Decision Calculator A structured decision-making template that applies expected value analysis to evaluate options and determine the best choice or whether to reject all options.

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Decision: [WHAT YOU'RE DECIDING] Options: 1. [OPTION A] 2. [OPTION B] 3. [OPTION C] For each option, calculate: - Best case outcome (what if it works perfectly?) - Worst case outcome (what if it fails completely?) - Probability of success (be honest, not optimistic) - Expected value (best case Γ— probability) - (worst case Γ— probability) Naval's rule: "If you can't decide, the answer is no." Which option has highest EV? Or should I reject all of them?

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References

Categories:productivity| twitter| decision-making| expected-value

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