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Do you take hours to make a simple decision? You may have Fobo
Technology accelerates FOBO
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.
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FOBO: Fear of Better Options
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.
Technology accelerates FOBO
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.
Decision-making people: Maximisers
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.
Decision-making people: Satisficers
Satisficers are the ones that make "good enough" decisions, have modest expectations and are generally happier and more satisfied after making their decision.
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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. m...
What Causes F.O.B.O.
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.
Mostly Fine Decision
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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Panic Buying
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.
...Downsides of Panic Buying
- Panic buying makes people feel in charge of the situation, while seemingly mundane measures like hand-washing, which are actually impactful, seem ordinary.
- The problem comes when people overbuy in their over-panicked state of mind (irrational stockpiling), making the shortages worse than they really are.
- Speculators also take advantage of panic buying and raise prices of essential items like face masks, forcing companies to take appropriate measures.
Loss Aversion
..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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Hobbies for relaxation
Americans have roughly 5 hours of leisure per day. However, watching TV takes up more than half of those hours. Then, when we do make use of those leisure hours, our hustle culture makes...
The“fantasy self”
One mistake people make when starting a hobby is picking something aspirational rather than something they enjoy. When you pick a hobby, stay true to what you enjoy. If you like cooking, try to take your current skills up a notch. If you like writing, try a fiction workshop.
If you want to try something totally new, start small. To hold yourself accountable, enlist friends in the effort.
Hobbies and side hustles
A hobby is not a side hustle. It is important to develop hobbies outside of our economy with no financial motives attached.
Since a leisure pursuit is an outlet for stress, the pure pleasure of engaging in a hobby should be enough. A hobby not only helps to refuel us for a busy work life but also helps us to practice deep focus.
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