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Similar ideas to Maximizers vs Satisficers
Satisficers are people who prefer to make decisions quickly by weighing fewer choices and then go with their gut. They opt for what's acceptable, not for the 'best' option.
A drawback is that they may not get the 'best' outcome that will give them the maximum return.
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 ...
Very few of us feel competent enough to choose between an overwhelming amount of options. When you are offered 156 different kinds of retirement plans, for instance, it can make you miserable to make a competent choice. For that reason, it might be easier not to make a choice.
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