3 Reasons Why You Make Terrible Decisions (And How to Stop)
Our perceptions and emotions get skewed when we are in the presence of extreme beauty, power and wealth.
People of status and power are constantly bending reality around us and creating a ‘Halo Effect’, making us feel that they are smarter, more amusing and charismatic than they really are. This affects our judgement and decision making.
SIMILAR ARTICLES & IDEAS:
When starting a project that requires time, energy and resources, the cost-benefit ratio is a good rule for deciding if the plunge is worth it.
One has to think about the risk in terms of p...
Taking risks is a way towards potential growth, even if it is not according to the original plan.
When entrepreneurs fail at their startup, a large chunk of them still benefit by:
One needs to take into consideration that any risky decision has the probability of failure, keeping in mind the potential benefits of not reaching the goal.
The ideal decision model should:
Successful people have 4 strategies that help them clearly define what they want: