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The book 'Algorithms to Live By: The Computer Science of Human Decisions' offers several key lessons that can be applied to business strategies. First, it emphasizes the importance of making optimal decisions under constraints, a concept that is crucial in business. Second, it introduces the idea of 'Explore vs Exploit', which can be applied to business in terms of when to stick with a known successful strategy (exploit) and when to try something new (explore). Third, it discusses the concept of 'sorting and searching', which can be used in organizing and accessing business data efficiently. Lastly, it talks about 'scheduling', which is about prioritizing tasks based on their importance and deadlines, a vital aspect in business management.
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"I knew that when I was 80, I was not going to regret having tried this," Bezos said. "I was not going to regret trying to participate in this thing called the internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn't regret that, but I knew the one thing I might regret is not ever having tried."
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Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certain everyday processes work and how to exploit them...
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