We often see efficiency as good and inefficiency as wasteful. Economists teach us that increased efficiency improves our standard of living and make our lives better. 
However, too much of a good thing has the opposite effect. Some motivation produces excellent performance while too much produce choking. Some choice creates good outcomes but too much leads to paralysis and bad decisions. The challenge we face is in finding the right balance.

We worship efficiency

In the face of radical uncertainty, instead of asking which option will give the best results, we should be asking which option will provide us with good-enough results under the broadest range of future states.
Instead of maximizing return on investments, we should be setting a financial goal. Then we should choose investments that will allow us to achieve that goal under the widest set of future financial circumstances.
It's perhaps time to rekindle social norms that serve to slow us down in an uncertain world.

Analyzing our options in uncertain times

Some inefficiency can be seen as an insurance policy. 
Year after year, if you don't get into a car accident, you may think that you have 'wasted' money on insurance. But insurance enables us to be resilient against problems that could overtake us. To be prepared, we need to learn to live less efficiently.

Inefficiency creates a buffer

The urge to do everything faster and better is risky. Far wiser to do what’s good enough for the range of possible futures

Inefficiency creates a buffer

Why efficiency is dangerous and slowing down makes life better | Psyche Ideas

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