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FOMO and the quality of our experiences
FOMO make us want to accumulate as many experiences as possible, but at the same time, it robs those experiences of any real meaning. That's because it causes people to make their decisions based not on the reality of the experience, but rather the imagined experience.
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The fear of missing out (FOMO)
FOMO = the compulsive desire to experience something (or be somewhere) motivated by the fear of what you will potentially lose. And this idea of loss is usually imagined. FOMO is that irrational belief that everyone is always having more fun than you, at all times.
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Overcoming FOMO
The way to get out of feeling FOMO is to start killing those fantasies that you’re letting rule your decision making. And that means understanding there’s no such thing as a perfect night out or a perfect party.
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Decision Making And The Law Of Unintended Consequences
Our worst decisions are only later known to us as being terrible ones. When we make those decisions, we think of them as good ones
We take shortcuts and solve problems in a quick-fix, rapid-relief method. We don’t consider any long-term effects or where the dominos will fall based...
The Speed Of Action
We usually want to take action as fast as we can, but with important decisions, we tend to wait and research more so that we can check the options and not make any mistakes.
The preparation time we need is often fear-based because we don’t want to mess up ...
Ownership pervades our lives
... and we usually don't make best decisions when it comes to it. Why? Because of three irrational quirks in our human nature:
- We fall in love with what we already have.
- We focus on what we may lose, rather than what we may gain.
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