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Make Better Choices

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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Most decision-making errors boil down to:

  • logical fallacies (over-generalizations, comparing apples and oranges, circular thinking)
  • limiting beliefs (underestimations of what's possible)
  • judgment biases (valuing certain factors above others).

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IDEAS

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.

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.
  2. Allowing yourself to be persuaded against your better judgment.  The selfish judgment of others should not interfere with your decisions. 
  3. Analysis paralysis. Inner conflict usually means a 'no'. Put off your decision for a while. Make an assessment of the risks involved and decide what size of risk you are willing to take.