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Colin I.
@colinii53
Actively managing delay
- Find out how much time you have to make the decision.
- Wait as long as possible to choose. By giving yourself extra time, you have more opportunities to explore your options and gain valuable insight.
This works best if you're a novice, as an expert generally won’t need to delay a decision.
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Evan Y.
@evan_yy15
Good decisions
To make good decisions, we generally need to do the following:
- Identify the decision: recognizing the need to make a decision, and identifying what that decision inv...
Why people struggle with decision making
- The main reason why decision-making is hard is that every decision makes us go through a process that is most times difficult and complex, and having difficulties with any part of it can hinder the whole process.
- The emotional difficulty that we face when we need to pick only one of multiple possible options means that we have to forego several alternatives that we may find appealing. This is associated with the concept of FOMO (the fear of missing out).
- The decision-making process can be very demanding, from a cognitive and an emotional perspective. Also, the act of making a decision is tiring in itself, since it depletes the cognitive resources.
- Being tired and sleep-deprived can make it more difficult for us to process information, and more likely for us to suffer from various cognitive biases that get in the way of making good decisions.
Barry Schwartz
Connor H.
@conh359
Fear of Better Options (FOBO) is The Reason You Can't Make a Tough Decision
The Freedom of Choice
The freedom of choice is generally perceived to be good, but studies show that too much choice can be a hindrance and can impede the decision.
On the contrary, having fewer choices has shown ...
Fear of Better Options
... or Maximization, is a behavioral trait that makes us look for all possible options before we decide so that we don't miss out on the best option and regret later, after making the decision.
We take into consideration all available options to minimize our frustration and stress.
Maximizers vs Satisficers
- Maximizers feel less satisfied even if they make better decisions, since they had so much choice, and choosing the best comes down to some sort of compromise.
- Satisficers: They are the people that make quick decisions with fewer options and that tend to be more satisfied.
Christopher C.
@christopher_gc489
How to Make Tough Decisions Easier
Maximization
Also known as Fear of Better Options (F.O.B.O.), is the relentless researching of all possible options for fear that you’ll miss out on the “best” one.
Though maximizers tend to make b...
Mostly Fine Decision (MFD)
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.
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