The right information, not more
If there is too much information, we tend to make the wrong decision, and even if our decision is well-researched and considered right, we end up dissatisfied.
The right information, even if less, provides clarity to make the right decision.
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While we may not like to admit this, we all are making a lot of bad decisions, be it our personal lives, careers or in our jobs. Here is what research says about making good decisions:
- You need the right information, not more of it.
- Feelings can be utilized
- Know your strengths
- Make a 'good enough' decision
A gut feeling, or an instinct, is often the right path, and points towards the right decision.
Ultra-rational, logical and unemotional decision-making does not guarantee that the decision taken will be the right one.
A good decision depends on the strengths of the person making it.
If a person is an expert in a field, he can then make an informed decision, while trusting his gut feeling or instinct.
“A good decision now is better than a perfect decision in two days” - James Waters
Losing valuable time for a perfect decision sometimes backfires, and a good enough decision can work just as well.
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- Ignoring context: Crossed arms don’t mean much if the room is cold or the chair they’re sitting in doesn’t have armrests.
- Not looking for clusters: It’s a consistent grouping of actions (sweating, touching the face, and stuttering together) that is really going to tell you something.
- Not getting a baseline: If someone is always jumpy, jumpiness doesn’t tell you anything.
- Not being conscious of biases: If you already like or dislike the person, it’s going to affect your judgment.