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This Is How To Make Good Decisions: 4 Secrets Backed By Research - Barking Up The Wrong Tree
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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We all make bad decisions
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
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.
Gut feelings vs logic
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.
Factoring your strengths
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 enough decision
“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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