Analysis Paralysis - Deepstash

Analysis Paralysis

The more information we have to consider, the longer we typically take to make a decision. 

While the decision-making process should be thorough, the best way to make good decisions is usually not to take more time or to look at more information. Instead, review the pertinent information you need, set a deadline to make a decision, and then stick to it.

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nicij

The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.

The idea is part of this collection:

How To Give And Receive Constructive Criticism

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Understanding the importance of constructive criticism

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... for future big decisions:

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  2. Collect information that will assist in your decision-making.
  3. Consider various solutions.
  4. Weigh the evidence for each potential solution.
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We usually believe that the more information you have, the better decisions we can make. However, at some point, we cross a threshold where we have too much information. That's when we start to fill in gaps and add weight to information that doesn't matter. 

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Process over analysis in decision making

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Instead, a disciplined decision process involves guarding against decision-making biases by exploring and discussing major uncertainties or ...

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