The freedom of choice enhances feelings of autonomy, freedom and promotes one's sense of personal control. But increased choice may actually be detrimental to decision-making. Studies conducted by Iyengar and Lepper (1999, 2000) found that those provided with fewer options in a decision-making task derived greater satisfaction from their decision outcomes.
Warren Buffet, a man often renowned as the greatest investor of our era was once asked for his thoughts on the best way to prepare for an investing career. His answer. Read. He indicated to a stack of papers and trade reports he had brought with him and said, "Read 500 pages like this every day.
Executive Summary Whether it's about someone deciding to pursue a new job, or ask for a raise, or someone simply mulling over which ice cream flavor to choose, we seem to see the best solution with a clarity and decisiveness that is often absent when we face our own quandaries.
We should work to distance ourselves from our own problems by adopting a fly-on-the-wall perspective and act as our own advisors.
Another distancing technique is to pretend that our decision is someone else's and visualize it from his or her perspective. By imagining how someone else would tackle your problem, people may unwittingly help themselves.
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