Learn more about psychology with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
We sometimes make bad decisions because we are too much into the weeds in our head. There are 2 main views we hold:
The outside view is more accurate, but most people gravitate toward the inside view.
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The future is not a “point”—a single scenario that we must predict. It is a range. We should bookend the future, considering a range of outcomes from very bad to very good.
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Sometimes we think we’re gathering information when we’re actually fishing for support.
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Focusing is great for analyzing alternatives but terrible for spotting them. When we focus we sacrifice peripheral vision.
Multitracking involves considering several options simultaneously. Multitracking has another advantage too, one that is more unexpected. It feels better.
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When we make bad decisions is usually because of these 4:
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It describes the process that “wraps” around your usual way of making decisions, helping to protect you from some of the villains and biases related to decision making:
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To use 10/10/10, think about your decisions on three different time frames: How will I feel about it 10 minutes from now? How about 10 months from now? How about 10 years from now?
Conducting a 10/10/10 analysis doesn’t presuppose that the long-term perspective is the right...
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Our decisions are often altered by two subtle short-term emotions:
Loosing sucks and we subconscio...
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Wisdom is gained from experience. But our experience is also very narrow and a fragment of the possible lives we could have lived.
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