Investigating Indecision: Why We Can't Seem to Make Up Our Minds - Deepstash
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The 37%

Mathematics dictates that you should take 37% of the time or options you have to simply lookย and after that, you should commit to the first option that is better than everything youโ€™ve seen so far.

Thatโ€™s the point at which you have the highest chanceโ€”in a display of mathematical symmetry, itโ€™s a 37% chanceโ€”of making the best choice.

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The brain when we make decisions

The 2 systems of the brain that wok during decision making:

  • System 1 is automatic and quick (like "something feeling off").
  • System 2 is deliberate and slow (like an algorithm).

At times, these systems are at odds with each other, but research shows it's always best to trust an algorithm than your own gut.

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Pros-and-cons lists are flawed

There are a few biases they don't address:

  • Narrow framing: the tendency to view an option as your only option.
  • Confirmation bias: our tendency to gather the information that supports our preferred option.
  • Short-term emotion: our tendency to have ourย judgment clouded when emotions run high.
  • Overconfidence: our tendency to make a decision with too much optimism about how things will play out.

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The WRAP technique for decision making

  • Widen your options: challenge yourself to consider alternatives.ย 
  • Reality-test your assumptions:ย run small experiments so you can know rather than predict which decision will work best for you.
  • Attain distance before deciding with theย try the 10/10/10 approach: How would you feel about this decision 10 minutes from now, 10 months from now, and 10 years from now?
  • Prepare to be wrong: things could always go wrong. Prepare for it in advance.

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Avoid making bad snap decisions

  • Successful decision-making relies on a balance between deliberate and intuitive thinking.
  • Opt for less information; stick to only what is essential. We may feel more confident when doing a lot of research, but this could lead to indecision and analysis paralysis.

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Making snap judgments

Snap judgments are most accurate if these things are present: experience and expertise. In other words, we must train our intuition.

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Actively managing delay

  • Find out how much time you have to make the decision.
  • Wait as long as possible to choose. By giving yourself extra time, you have more opportunities to explore your options and gain valuable insight.

This works best if you're a novice, as anย expert generally wonโ€™t need to delay a decision.

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Deciding how to decide

Take into considerations these things:

  • Intuition is best used by experts, not novices.
  • Algorithms are better at decisions than the human brain.
  • Take your time (but not too much of it).ย 

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colinii

A lot of problems would disappear if we talked to each other more than talking about each other.

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