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Mental Models and Making Decisions You Don't Regret

https://dariusforoux.com/mental-models/

dariusforoux.com

Mental Models and Making Decisions You Don't Regret
What makes a good decision? When I ask people that question, I often get answers like: "When the outcome is successful." Why is it that we, as a society, romanticize outcomes? Only things and people that succeed are celebrated. Just look at all the articles and books that idolize successful people.

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Mental Models

Mental Models

The way you look at how something works in the real world is called a mental model. It’s your thinking framework about something.

But when we make decisions, we often don’t think about our framework and immediately jump to a discussion about potential outcomes.

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Overlooking Failure

Overlooking Failure

Societies with a bias towards success, that are idolizing of successful people usually overlook the decisions that led to failure.

We tend to overlook cases that did not come with a successful outcome. And when we do look at failure, we are often quick to explain why things failed.

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Fyodor Dostoevsky

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Decisions And Subjectivism

Decisions And Subjectivism

There are no set or fixed good or bad decisions.

The same good decisions become bad decisions if they lead to failure, otherwise, they are lauded.

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Focus On The Process

Focus On The Process

Too often, we skip the process and jump right to deciding. Maybe that’s due to a lack of time, resources, or knowledge— it doesn’t matter.

Whatever your reason is, it’s never an excuse to skip the decision-making process altogether. Because that’s the only way to become a bad decision maker— regardless of the outcome.

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Avoiding Regret

Avoiding Regret

We can never predict the future, but we can make decisions we don’t regret.

If we focus on the thinking process, we will always know we did the right thing, so even a bad outcome will not lead to regret.

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The "Right" Thing

The "Right" Thing
  • Do not regret making mistakes, just learn the lesson and move on.
  • Inaction is more serious than a bad decision.
  • Life has suffering build-in at times, and worthwhile accomplishments take time, energy, and sacrifice.

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Reasons we fail to make the best decision possible

  • We’re (sometimes) stupid: irrational, tired or distracted;
  • We have the wrong information;
  • We use the wrong model;
  • We fail to learn;
  • We go with what's easy over what's right. 

Make Better Choices

  • Seek good information. Be skeptic and never just assume that what you’re being told is always true.
  • Avoid common pitfalls, like making decisions without enough time or in...

Stress and smart choices

When we are in a stressful situation, we are prone to make poor choices.

Even a little stress can influence our decisions and make us slip up.

Stress motivation

Don't let stress motivate your decisions. When you're feeling the most stress, you'll also feel the biggest urge to make a poor choice.

If you do make a decision while you are under stress, ensure to re-evaluate it when you are calm.

De-stress regularly

When you're under regular stress, you'll never get a chance to make good, rational choices.

If you set aside 30 minutes each day to relax, you will be in a better state to make smart choices.

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