The choices we want and out mental energy - Deepstash

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5 Sure Ways to Make Poor Decisions

The choices we want and out mental energy

The choices we want and out mental energy

Each choice we make chips away at our mental energy, leaving us more tired and ineffective.

Don't get caught up in the small stuff. If you over analyze your daily choices you're exhausting energy that could be focused on the most important ones.

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4 Ways to Make Smarter Decisions

4 Ways to Make Smarter Decisions

https://www.inc.com/erik-sherman/4-ways-to-make-smarter-decisions.html

inc.com

Decision making is critical in a business, and entrepreneurs often pride themselves on decisiveness. But as Chip Heath, a professor at the Stanford Graduate School of Business, and McKinsey consultant Olivier Sibony discussed recently in McKinsey Quarterly, decision making in businesses is often poor because of both personal and systemic problems. For a smarter and more effective business, consider these four points from the discussion.

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Key Ideas

Bias is everywhere

Being aware of your own biases doesn't mean you will be free of them. You need a system that will help prevent your proclivities from taking control.

You're not as smart as you think

It wasn't an individual that got people to the moon. It was all of NASA. 

There should be recognition of how many people really should be involved and the need for mechanisms to deliver smarter decisions.

There is safety in numbers
According to Heath, one study at a mid-sized high tech company showed that a group of leaders thought decisions were six times more effective when they considered two alternatives instead of one. Instead of asking a group for its decision, request the two top choices.

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How to Make Difficult Decisions

How to Make Difficult Decisions

https://zapier.com/blog/difficult-decisions/

zapier.com

Your decisions make you. Whether you're selling them as an entrepreneur, marketer, writer, or any other kind of knowledge worker, or facing a serious crossroads in your personal life, the choices you make today define your future. So it's no wonder that when it comes to our growth and success,...

9

Key Ideas

Milton Friedman

"The best measure of quality thinking is your ability to accurately predict the consequences of your ideas a..."

Milton Friedman
Think in Years, Not Days

Before jumping to a conclusion, think about the long-term consequences of your decision.

We may respect those able to fling themselves into a hard problem and make a quick choice with seemingly little thought, but making a meaningful decision needs to be done with care for the long-term effects.

Understand Decision Fatigue

It’s important to be aware of what state of mind you’re in before tackling a hard choice.

Decision fatigue happens when the mental energy required to weigh the tradeoffs of our decision becomes too much for us to handle. 

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5 Expert-Approved Ways to Make Smarter Decisions

5 Expert-Approved Ways to Make Smarter Decisions

https://www.thecut.com/2014/06/5-expert-approved-ways-to-make-smarter-decisions.html

thecut.com

Humans may have impressive minds capable of great feats, but experts have known for a while that our decision-making processes are flawed - and often in predictable ways. We easily succumb to all sorts of biases that prevent us from making smartchoices.

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Key Ideas

Decision making and biases

Experts have known for a while that ...

Mental time travel

A common decision-making problem is failing to have enough imagination with regards to what could go wrong or falling victim to simple overconfidence. 

Envision the future. There’s evidence that this exercise can broaden your outlook and highlight problems that might not come to mind otherwise.

Don’t make an important decision

... when you're hungry, or sleepy, or angry.

Research has shown that our susceptibility to bias increases when we’re stressed, whether because of exhaustion, hunger, or a heightened emotional state.

Delaying a crucial decision, if possible, might be preferable to making it under conditions of stress.

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