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... and boils down to what we give up to attain something. Our mindsets are inclined towards pleasure and resistive towards pain. We normally like to think in terms of gai...
Decisions are a cost-benefit analysis of risking something small for the opportunity to gain something big.
Trade-offs are not something as simple as flipping a coin. Our values guide us towards what we want in life, and it is not the same for all. Example: Buying a house has a trade-off of mortgage for ...
Humans are not good at impartially evaluating the risks and rewards of any decision.
Our ‘thinking’ brain loses out to our ‘feeling’ brain, that is our natural cravings, de...
It is a quirk which makes us value the present opportunity more than a future opportunity. This is known as ‘Present Bias’ in psychology.
Example: If offered a choice b...
If we practice something (learning a new language for example) for just 30 minutes a day, we normally do not realize or understand that by practising daily for 365 days, we are better in th...
Our perceptions and emotions get skewed when we are in the presence of extreme beauty, power and wealth.
People of status and power are constantly bending reality around us...
Running away from decisions and being indecisive is also a decision. Action becomes your friend here, and it is good to get out of the comfort zone and take risks, instead...
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Successful people have 4 strategies that help them clearly define what they want:
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Research has shown that the typical person makes about 2,000 decisions every waking hour. Most are minor ones and we make them automatically. But many have serious consequences.
Our ability to perform mental tasks and make decisions wears thin when it’s repeatedly used.
Identify the most important decisions you need to make, and, as often as possible, prioritize your time so that you make them when your energy levels are highest.
Our brains process five times as much information today as in 1986. Thus, many of us live in a continuous state of distraction and struggle to focus.
To counter this, find time each day to unplug and step back from email, social media and news.
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