Ideas from books, articles & podcasts.
Psychological reasons why we find decision-making difficult right now:
The threat, uncertainty, and anxiety related to the pandemic lead us to make short-sighted decisions:
People want to take action quickly, even when inaction might be more prudent.
Faced with anxiety, some are making quick decisions about finances as well and started fear selling their stocks. But this is taking a paper loss in the present that is likely to come back in the future (give...
To make good decisions in troubled times, it's best to slow down, even if our fears urge us to take action.
Most of the actions you are likely to take will not be prudent in the face of a potential pandemic. By slowing down, you can use deliberative reasoning with data.
There is a lot of information out there right now about the virus and how to react.
Take the time to read and digest it (maybe even discussing it with an expert) before making important personal and business decisions.
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