Do you take hours to make a simple decision? You may have Fobo
Whether it is deciding what to watch on TV, or which job offer to accept, Fobo (Fear of better options) can affect anyone.
A Fobo-afflicted person may not make a decision due to wanting complete information or simply be overwhelmed with the daunting options.
This is a professional note extracted from an online article.
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Sophisticated apps and social media only accelerate FOBO, giving us unlimited options. We are unable to decide due to a constant flow of new plans, events, invitations or commitments.
Maximisers compare everything before making a decision, setting very high standards and expectations for themselves.
They often feel disappointed with their final decision after making it.
Satisficers are the ones that make "good enough" decisions, have modest expectations and are generally happier and more satisfied after making their decision.
SIMILAR ARTICLES & IDEAS:
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.
For F.O.B.O. to happen, you have to have multiple options. It is mostly a consequence of our world in which everything seems possible.
To beat FOBO, find the Mostly Fine Decision. This is the outcome you’d be ok with, even if it’s not the absolute best possible one.
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A common occurrence of heuristics in which we use an initial starting point as an anchor that is then adjusted to yield a final estimate or value.
Example: estimating the value of an o...
People who are told that the risk of something bad happening is lower than they expected, tend to adjust their predictions to match the new information. But they ignore the new information when the risk is higher.
Part of this overly optimistic outlook stems from our natural tendency to believe that bad things happen to other people, but not to us.
Sometimes we make poor comparisons or the compared items are not representative or equal.
We often decide based on rapid comparisons without really thinking about our options. In order to avoid bad decisions, relying on logic and thoughtful examination of the options can sometimes be more important than relying on your immediate "gut reaction."
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The world is seeing panic buying in supermarkets, with items like toilet paper, milk, soda, hand sanitizers, etc. flying off the shelves, especially in places with confirmed cases of the virus....
..is a principle which makes people do things so that they don't feel regretful later.
People are panic-buying for the same reason too, with social media and news media amplifying the sense of scarcity.
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