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7 Ways To Stop Making Bad Decisions

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 information.
  • Look at previous mistakes so you learn from them.
  • Check in with yourself and ensure that the environment isn’t influencing your decisions unnecessarily. 
  • Take care of yourself. You are unlikely to make the best decisions when tired or unwell.
  • Make time to think. The multitasking and distraction deluge to which we’re subjected every day can undermine good decision-making.
  • Analyze well. Not getting the outcome you wanted doesn’t necessarily mean the decision was bad. 

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7 Ways To Stop Making Bad Decisions

7 Ways To Stop Making Bad Decisions

https://www.fastcompany.com/3027160/7-ways-to-stop-making-bad-decisions

fastcompany.com

1

Key Idea

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 information.
  • Look at previous mistakes so you learn from them.
  • Check in with yourself and ensure that the environment isn’t influencing your decisions unnecessarily. 
  • Take care of yourself. You are unlikely to make the best decisions when tired or unwell.
  • Make time to think. The multitasking and distraction deluge to which we’re subjected every day can undermine good decision-making.
  • Analyze well. Not getting the outcome you wanted doesn’t necessarily mean the decision was bad. 

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Confirmation Bias

If you already have an opinion about something before you've even tried to figure it out, chances are you'll over-value information that confirms that opinion.

Think about what kinds of information you would expect to find to support alternative outcomes.

Attribution Bias

The “fundamental attribution error,” is when we excuse our own mistakes but blame other people for theirs.

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3 decision-making mistakes that you must avoid
  1. Impulsivity. Thorough decisions combine all three senses – seeing, hearing and feeling. Impulsive decisions always lack one of these elements.
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10/10/10 Rule

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Pareto’s Law

In anything we do, there’s always ~20% of activities that will deliver 80% of our desired results.

It’s easy to be wrapped up in ‘busy’ work without ever getting anything done. Pareto’s Law is a useful mental model to be more effective, rather than just be efficient.

Parkinson’s Law

Work expands so as to fill the time available for its completion. So try placing artificial time limitations.

If we’re given three hours to complete a task that normally would take an hour, we’ll find a way to fill those three hours. However, when we’re down to the final thirty minutes, we’re suddenly feeling the pressure to get things done.