Ideas from books, articles & podcasts.
It is a quirk which makes us value the present opportunity more than a future opportunity. This is known as ‘Present Bias’ in psychology.
Example: If offered a choice between getting $100 now or $150 after a year, we are more likely to take up the money offered right now.
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Decisions are a cost-benefit analysis of risking something small for the opportunity to gain something big.
Our perceptions and emotions get skewed when we are in the presence of extreme beauty, power and wealth.
If we practice something (learning a new language for example) for just 30 minutes a day, we normally do not realize or understand that by practising daily for 365 days, we are better in that activity 3778 per cent or about 38 times.
... and boils down to what we give up to attain something. Our mindsets are inclined towards pleasure and resistive towards pain. We normally like to think in terms of gaining, success, and acceptance.
Humans are not good at impartially evaluating the risks and rewards of any decision.
Trade-offs are not something as simple as flipping a coin. Our values guide us towards what we want in life, and it is not the same for all. Example: Buying a house has a trade-off of mortgage for the next ten or more years. This is subjective and depends on what we value in life.
Running away from decisions and being indecisive is also a decision. Action becomes your friend here, and it is good to get out of the comfort zone and take risks, instead of being in a mental paralysis.
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