I am reading a great book “Principles.” of Dalio, Ray
There's a paraphrase called “Make believability-weighted decisions.”
“• Make believability-weighted decisions.
My painful mistakes shifted me from having a perspective of “I know I’m right” to having one of “How do I know I’m right?” They gave me the humility I needed to balance my audacity. Knowing that I could be painfully wrong and curiosity about why other smart people saw things differently prompted me to look at things through the eyes of others as well as my own. That allowed me to see many more dimensions than if I saw things just through my own eyes. Learning how to weigh people’s inputs so that I chose the best ones — in other words, so that I believability weighted my decision making — increased my chances of being right and was thrilling. At the same time, I learned to:”
I searched and found that there's no such a word 'believability'.
In dictionary.com, it implies that 'believability' is synonymous with 'credibility'.
Additionally, I search the verb meaning of weight
Verb 1
If you weight something, you make it heavier by adding something to it, for example in order to stop it from moving easily.
Verb 2
If you weight things, you give them different values according to how important or significant they are.
I guess 'weight' is 'verb 1' of 'make it heavier by adding something to it'
In conclusion, “Make believability-weighted decisions.” is “Make credibility-biased decisions.”
Honestly, I didn't understand the author's intention throughly.
Why he labored to invent 'believability' instead of 'credibility', especially he applied the phrase 'believability weighted' as a whole for a verb in 'I believability weighted my decision making'.
Best Answer
1) In English,typically, certain items are said to be weighted in certain situations. So, if you are asking the same questions of 12-year-old kids and 8-year-old kids, you would let the 8-year-old kids make more mistakes since they know less.
the Collins says this: Allowance or adjustment made in order to take account of special circumstances or compensate for a distorting factor.
‘each score is then multiplied by the appropriate weighting, giving a weighted score’
2) x-weighted decision.
In the link given here for a weighted decision matrix, you can look at the chart and see the weighting factors. There is also decision theory that enters into this. Weighting here means assigning factors of importance to a decision, whatever it might be.
3) Believability-weighted decisions are thus ones that have been assigned a certain number of factors to which a number is associated. In this context, the authors is taking inputs from people and assigning a weight to them in making his decision(s).
4) How to compute using weighting factors:
statistics and a weighting factor example with student's grades
Your author is using the term in this sense though s/he may not mean it technically. It's origin is technical. S/he is not accepting input without question. The input(s) are being weighted before they are part of her/his decision making.