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Mathematics dictates that you should take 37% of the time or options you have to simply look and after that, you should commit to the first option that is better than everything you’ve seen so far.
That’s the point at which you have the highest chance—in a display of mathematical symmetry, it’s a 37% chance—of making the best choice.
MORE IDEAS FROM THE ARTICLE
The 2 systems of the brain that wok during decision making:
At times, these systems are at odds with each other, but research shows it's always best to trust an algorithm than your own gut.
There are a few biases they don't address:
Snap judgments are most accurate if these things are present: experience and expertise. In other words, we must train our intuition.
This works best if you're a novice, as an expert generally won’t need to delay a decision.
Take into considerations these things:
RELATED IDEAS
A decision-maker may never be able to examine every possible option before making a decision. The assumption that one now has complete information for decision making is in itself somewhat unrealistic.
Satisficers make their life easier and less complicated by accepting good enough and moving on.
Your M.F.D. is the minimum outcome you’re willing to accept for a decision.
It’s the outcome you’d be fine with, even if it’s not the absolute best possibility.