5 Sure Ways to Make Poor Decisions - Deepstash

deepstash

Beta

deepstash

Beta

Deepstash brings you key ideas from the most inspiring articles like this one:

Read more efficiently

Save what inspires you

Remember anything

5 Sure Ways to Make Poor Decisions

https://www.inc.com/marla-tabaka/5-certain-ways-to-make-poor-decisions.html

inc.com

5 Sure Ways to Make Poor Decisions
According to the United Nations' think tank The Millennium Project, "the capacity to decide," is cited as one of 15 global challenges facing humanity today. It's difficult to believe that decision making is placed on the same list of global challenges as clean water, peace and conflict, and energy.

5

Key Ideas

Save all ideas

Organizational noise and decision making

Organizational noise comes in endless streams of information and communication. At the individual level, there is internal noise, which manifests from our biases, fears, and competing priorities.

Take daily breaks from the noise by engaging in meditation, exercise, and play.

161 SAVES


VIEW

The role fear plays in decision making

Fear of failure, fear of making the wrong decision, and fear of our own inadequacy all affect the actions we take and quality of the decisions we make.

If you frequently question your ability to make sound decisions seek out a coach or mentor who can help you boost your confidence.

155 SAVES


Multitasking and decision making

Multitasking slows us down as the brain is optimized to focus on one task at a time. Spreading our attention across multiple tasks becomes draining and leaves little energy for those tasks that matter most.

Pay attention to what you're doing. Turn off any distractions that may take your mind elsewhere.

143 SAVES


The choices we want and out mental energy

Each choice we make chips away at our mental energy, leaving us more tired and ineffective.

Don't get caught up in the small stuff. If you over analyze your daily choices you're exhausting energy that could be focused on the most important ones.

153 SAVES


Biases and decision making

Biases filter our experiences and affect the way we understand the world, only allowing us to see what we want to see. As we gather information, the brain uses what it knows to interpret it, but the information we receive is rarely entirely accurate, complete, or unbiased.

Always consider the likely accuracy of the data, what might be missing, and what biases exist in the observer or reporter.

129 SAVES


SIMILAR ARTICLES & IDEAS:

Bias is everywhere

Being aware of your own biases doesn't mean you will be free of them. You need a system that will help prevent your proclivities from taking control.

You're not as smart as you think

It wasn't an individual that got people to the moon. It was all of NASA. 

There should be recognition of how many people really should be involved and the need for mechanisms to deliver smarter decisions.

There is safety in numbers

According to Heath, one study at a mid-sized high tech company showed that a group of leaders thought decisions were six times more effective when they considered two alternatives instead of one. Instead of asking a group for its decision, request the two top choices.

one more idea

Milton Friedman

"The best measure of quality thinking is your ability to accurately predict the consequences of your ideas a..."

Milton Friedman

Think in Years, Not Days

Before jumping to a conclusion, think about the long-term consequences of your decision.

We may respect those able to fling themselves into a hard problem and make a quick choice with seemingly little thought, but making a meaningful decision needs to be done with care for the long-term effects.

Understand Decision Fatigue

It’s important to be aware of what state of mind you’re in before tackling a hard choice.

Decision fatigue happens when the mental energy required to weigh the tradeoffs of our decision becomes too much for us to handle. 

Decision making and biases

Experts have known for a while that ...

Mental time travel

A common decision-making problem is failing to have enough imagination with regards to what could go wrong or falling victim to simple overconfidence. 

Envision the future. There’s evidence that this exercise can broaden your outlook and highlight problems that might not come to mind otherwise.

Don’t make an important decision

... when you're hungry, or sleepy, or angry.

Research has shown that our susceptibility to bias increases when we’re stressed, whether because of exhaustion, hunger, or a heightened emotional state.

Delaying a crucial decision, if possible, might be preferable to making it under conditions of stress.