The Four Villains of Decision Making
- Narrow framing: The tendency to define our choices in binary terms. We ask, "should I, or shouldn't I?" instead of “What are the ways I could...?”
- Confirmation bias: People tend to select the information that supports their preexisting attitudes, beliefs, and actions.
- Short-term emotion: When we’ve got a difficult decision to make, our feelings occupy our minds. And this doesn't add any new information that could benefit us.
- Overconfidence: People often think they know more than they actually do about how the future will unfold.
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The Four Villains Of Decision Making
When we make bad decisions is usually because of these 4:
- Narrow framing: the tendency to define our choices too narrowly, to see them in binary terms.
- Confirmation bias: we are more likely to select the information that supports our preexistin...
Defeating Decision-Making Villains
- Counter narrow framing by widening your options. Expand your set of choices.
- Confirmation bias leads you to gather self-serving information. Analyze and test your assumptions to overcome the bias.
- Short-term emotion will tempt you to make the wrong choice. So distance yoursel...
Pros-and-cons lists are flawed
There are a few biases they don't address:
- Narrow framing: the tendency to view an option as your only option.
- Confirmation bias: our tendency to gather the information that supports our preferred option.
- Short-term emotion: our tendency to have our...
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