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
Our decisions are often altered by two subtle short-term emotions:
Loosing sucks and we subconsciously make decisions to avoid losses on the short term, even when we amplify losses on the long term.
1.48K
4.89K reads
MORE IDEAS ON THIS
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.
1.5K
5.18K reads
Sometimes we think we’re gathering information when we’re actually fishing for support.
1.49K
5.06K reads
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.
...
1.5K
7.84K reads
When we make bad decisions is usually because of these 4:
1.86K
14.5K reads
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:
1.83K
10.2K reads
We sometimes make bad decisions because we are too much into the weeds in our head. There are 2 main views we hold:
1.53K
4.72K reads
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...
1.74K
4.48K reads
1.52K
4.5K reads
CURATED FROM
IDEAS CURATED BY
Related collections
Other curated ideas on this topic:
We make decisions based on the information that we have. However, we tend to be more reliant on the negative more than the positive. This causes two outcomes:
Risk aversion – where we prefer an assured outcome over a gamble with a higher expected outcome; and
...Attentional Bias: subconsciously we choose points where we pay attention to. A smoker is more likely to notice other people smoking.
Warren Buffett states that if you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.
Human nature is most concerned with short term loss aversion, not long-term gain seeking. Because we are so short-term oriented, it's an enormou...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates