Decision Making
Life is filled with decisions, and decisions (as a general rule) arouse dissonance.
A common way to reduce dissonance is to increase the attractiveness of the chosen alternative and to decrease the attractiveness of the rejected alternative. This is referred to as "spreading apart the alternatives."
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Stress and decision making
Much of the stress in life comes from making decisions.
You feel good to make the right decisions. But whether a decision was the right one or not, life goes on. If it was a good one, wonderful. If it was the wrong one, you can count it as experience.
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Making repeated choices depletes our mental energy, even if these choices are mundane and pleasant.
If you want to maintain long term discipline, aim for fewer decisions during the day: identify the aspects of your life that you consider mundane and then ‘routinize’ those aspects as ...
Common Explanations for Status Quo Bias
These explanations are all irrational for preferring the status quo:
- Loss Aversion: When we make decisions, we weigh the potential for loss more heavily than the potential for gain.
- Sunk Costs: We continue to invest resources like time, mone...
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