The Freedom of Choice - Deepstash

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The Freedom of Choice

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 to provide more satisfaction to the decision-maker.

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MORE IDEAS FROM THE SAME ARTICLE

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 en...

  • 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 satisfie...

... 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.

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Maximisers vs Satisficers

There are two main types of decision-makers:

  • Maximisers: They want to ensure they get the most out of their choices.
  • Satisficers: They tend to adopt a 'good enough' approach.

Each one has its benefits and drawbacks. Understandi...

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I've recently moved into a new flat in New York City – not the easiest of feats in the middle of a global pandemic.

Moving is never simple; choosing a neighbourhood and setting your budget can be stressful. But right now it feels especially complicated, raising questions like, which moving ...

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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 better decisions, they are less satisfied with those decisions than are people who make quicker ones ...

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