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How To Stop Wasting Time

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How To Stop Wasting Time

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Maximiser Continue..

For example, say you're picking out a new television. If you're a maximiser, you might take a very long time assessing five different models, trying to decide which one will maximise your benefit. Do you get the one with the biggest screen, or save by choosing the cheapest? Going back and forth in your head over which one is the ‘correct’ one can lead to decision paralysis, leaving the person feeling like they still don't have enough information to make the best choice, and maybe never will.

Once you finally decide, however, the maximiser mentality can also trigger decision regret.

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Introduction Part 1

I've recently moved into a new flat in New York City – not the easiest of feats in the middle of a global pandemic.

Moving is never simple; choosing a neighbourhood and setting your budget can be stressful. But right now it feels especially complicated, raising questions like, which moving ...

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Maximisers: Intro

Maximisers: 'make it perfect'

If you’re a maximiser, you’re likely to weigh choices carefully to assess which is the best one. This can, of course, lead to a great outcome – when maximisers make decisions, they're likely very informed. On paper, their decisions may look li...

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Understanding two categories of Decision

Understanding the different ways people make decisions has helped put things in perspective. People tend to lean toward one of two categories: 'maximisers', who want to ensure they get the most out of the choices they make; and 'satisficers', who tend to adopt a ‘this is good enough’ approach.

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Maximisers or Satisficers, Which is best

Which is best?

"As a general rule, maximisers do better, but feel worse," says Barry Schwartz, professor emeritus of psychology at Swarthmore College in Pennsylvania, who's researched and written extensively about maximisers and satisficers.

"[Maximisers] get better ...

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General Advice

"I think the best general advice is to avoid impulsive decisions and to avoid feeling the need to look at every option," says Schwartz. "Aristotle wrote of 'the golden mean' – in this case, the right amount of deliberation. People who are too impulsive should be less so, and people who a...

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Satisficers: Intro

Satisficers: 'it's good enough'

At the other end of the spectrum, you have ‘satisficers’: people who would rather make decisions quickly. Instead of the ‘best’ choice, they're fine with what's acceptable. The term combines the words 'satisfy' and 'suffice' and was first co...

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Example of Maximisers

"The process of deliberating and choosing one option after seriously considering others is not only very time-consuming, but also associated with post-decision regret and counterfactual thinking," says Sally Maitlis, professor of organisational behaviour and leadership at Oxford University's Saïd...

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Satisficers Continue.

Unlike maximisers, satisficers don't need a lot of options or information. They also rely less on outside sources, meaning they’re less likely to scour online reviews, or get as much information as possible when making decisions. They make decisions faster, weigh fewer choices and go with their g...

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Introduction Part 2

Then there are the more fun decisions. What kind of furniture do I get – Mid-century modern? Is it worth buying an expensive mixer to perfect that pandemic-era sourdough , or

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Drawback of Satisficers

The drawback here is that satisficers may reach a decision quickly, but it may not necessarily be the ‘best’ outcome that gives them the maximum return. A 2006 study, for example, showed that recent university graduates with high

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Example of Satisficers

"At restaurants, for example, I almost never look at the full menu," says Ellen Peters, director of the University of Oregon's Center for Science Communication Research, whose work focuses on decision-making. "I look around and see what other people have ordered. I listen to what people at my tab...

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Perfect Mix

"In theory, the perfect mix would be to satisfice most of the time, and only maximise the decision process when the stakes are high," says Preston. In other words, look at all the options and study decisions that will greatly impact your life. "But then after making a careful choice, you have to ...

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CURATED FROM

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nishish71

Hi, I am Nishi, A Passionate Freelance Writer, blogger, Reader, Learner and Traveller, Thanks! My Blog: https://www.meliorismlaconic.com

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Fear of Better Options (F.O.B.O.)

Fear of Better Options (F.O.B.O.)

F.O.B.O is our inability to decide between different options all of which are decent. It can lead us to paralysis when we’re in the process of making a decision.

F.O.B.O. means obsessively researching every possible alternative, when faced with a decision, fearing we’ll mi...

4 common mistakes that can trip you up

  1. Monumentalizing the Trivial. Place a limit on how long you're willing to spend addressing the issue. When the time ends, make your choice and move on.
  2. Dredging Sunk Costs. Estimate how much the decision would take in total to follow through. If the cost is higher than t...

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