Tradeoffs: The Currency of Decision Making
Curated from: fs.blog
Ideas, facts & insights covering these topics:
7 ideas
·1.59K reads
7
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Tradeoffs
Every decision we take, has a tradeoff, an opportunity cost. Instinctively we try the all-out approach, resulting in failure.
The real problem lies in our judgment of the opportunity cost.
97
330 reads
Striving for Everything
A tradeoff is inevitable in almost every decision we take, as we usually forego some opportunity or benefit in our choices.
Many people strive for everything and believe there are no tradeoffs.
Focussing on less can get you something but focusing on everything may get you nothing.
104
239 reads
Having "Everything"
We seem to think that the people around us have everything in life.
Tradeoffs in others take time to become apparent. Everyone lets go of something, making a sacrifice, to be able to focus, investing time and energy in what is important to them.
75
198 reads
Balancing Everything is Impossible
It becomes impossibly hard to completely fine-tune and balance your work, family, health, relationships, friends and hobbies.
We may have to let go of one of the areas to be able to fulfill the others.
87
225 reads
The necessity of making trade-offs alters how we feel about the decisions we face; more important, it affects the level of satisfaction we experience from the decisions we ultimately make.
BARRY SCHWARTZ
71
177 reads
Time is a Tradeoff
Big decisions involve opportunity costs. Time is the price we pay for the choice we make.
Time is always a constraint as if we spend time doing something, we are not doing something else at that time. We can spend time in cultivating better habits than to unconsciously waste it daily doing trivial tasks.
88
193 reads
Focus your Energy on Less
In the countless decisions we make, it is a good idea to focus your energy on less, considering the tradeoffs.
This makes us eventually make satisfying choices, that we can prioritize.
74
232 reads
IDEAS CURATED BY
Spending a large amount of time with someone literally causes you to pick up their habits. Choose your friends wisely.
Holden P.'s ideas are part of this journey:
Learn more about personaldevelopment with this collection
How to set achievable goals
How to manage time for personal and professional life
How to avoid distractions
Related collections
Similar ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates