You make decisions quicker and based on less information than you think
New information doesn't stack on top of old information until some mental threshold is reached for making a decision.
In reality, the first few pieces of information are weighted much more heavily than later information.
SIMILAR ARTICLES & IDEAS:
A common occurrence of heuristics in which we use an initial starting point as an anchor that is then adjusted to yield a final estimate or value.
Example: estimating the value of an o...
People who are told that the risk of something bad happening is lower than they expected, tend to adjust their predictions to match the new information. But they ignore the new information when the risk is higher.
Part of this overly optimistic outlook stems from our natural tendency to believe that bad things happen to other people, but not to us.
Sometimes we make poor comparisons or the compared items are not representative or equal.
We often decide based on rapid comparisons without really thinking about our options. In order to avoid bad decisions, relying on logic and thoughtful examination of the options can sometimes be more important than relying on your immediate "gut reaction."
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 ...
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:
The reason people jump to conclusions is the fact that they find it easy.
Fact-checking and 100 percent accuracy on everything they see or observe consume way too much time for a normal person.
Taking mental shortcuts is the path most people choose to jump to conclusions.