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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.
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Too Much Choice
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...
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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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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 satisfie...
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Fear of Better Options (F.O.B.O.)
F.O.B.O is our inability to decide between different options all of which are decent. It can lead us to paralysis when we’re in the process of making a decision.
F.O.B.O. means obsessively researching every possible alternative, when faced with a decision, fearing we’ll mi...
Three Tips for Making Better Decisions
Have you ever made a decision that you later look back on and regret? This happens when we’re not aware of how we make decisions.
And that’s odd because the decisions we make, or in many cases not make, shape the outcome of lives. But many of us don’t know how we make decisions. By understa...
5 levels of delegation
- Level 1: Do as I say - At this level, you give instructions. You already know exactly what you want and require the other person to stick to your specifications.
- Level 2: Research and report back - When you need information to make...
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