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4 Simple Rules on How to Make a Decision

Don't let fear motivate your decision making

Don't let fear motivate your decision making

And don’t wait for absolute certainty because you’ll almost never get it. One of the ways to overcome this is to have a consistent process for making decisions. 

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4 Common Decision-Making Mistakes That Are Holding You Back

4 Common Decision-Making Mistakes That Are Holding You Back

https://www.bustle.com/p/4-decision-making-mistakes-people-make-the-most-according-to-expert-8185640

bustle.com

Every day, we make hundreds of little decisions, from whether or not to get up when our alarms ring to what to think about when we're lying in bed at night. So, it's unfortunate that decision-making mistakes are literally built into our brains....

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Key Ideas

Decision-making errors

Most decision-making errors boil down to:

  • logical fallacies (over-generalizations, comparing apples and oranges, circular thinking)
  • limiting beliefs (underes...
Confirmation Bias

If you already have an opinion about something before you've even tried to figure it out, chances are you'll over-value information that confirms that opinion.

Think about what kinds of information you would expect to find to support alternative outcomes.

Attribution Bias

The “fundamental attribution error,” is when we excuse our own mistakes but blame other people for theirs.

Give other people the chance to explain themselves before judging their behavior.

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The Four Villains of Decision Making

The Four Villains of Decision Making

https://fs.blog/2013/03/how-to-make-better-choices-in-life-and-work/

fs.blog

You're probably not as effective at making decisions as you could be. This article explores Chip and Dan Heaths' new book, Decisive. It's going to help us make better decisions both as individuals and in groups. But before we get to that, you should think about a tough decision you're grappling with right now.

3

Key Ideas

Not Making Good Decisions
We are exposed to biases that influence our ability to make good decisions.
  • We are quick to jump to conclusions because we fail to search for information that might disprove our thoughts.
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.
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 yourself before deciding.
  • Prepare to be wrong. Don't be overconfident about how the future will unfold.
How to Make (and Keep) a New Year's Resolution

How to Make (and Keep) a New Year's Resolution

https://www.nytimes.com/guides/smarterliving/resolution-ideas

nytimes.com

Are you making a resolution for 2018? Warning: More than half of all resolutions fail, but this year, they don't have to be yours. Here's how to identify the right resolution to improve your life, create a plan on how to reach it, and become part of the small group of people that successfully achieve their goal.

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SMART Resolutions
SMART Resolutions

Pick a goal that is meaningful and doable, making sure it's coming from inside you, not imposed by others.

Make specific, realistic plans for your New Year Goal using the time-tested SM...

Creating a Plan

Chances are you won't just wake up one day and suddenly change your life. To go where you want to go, you have to chart out a plan.

Quitting Bad Habits
If you want to quit a bad habit, start by identifying its 3 main parts: the cue, the routine, and the reward. After you check the cue and your routine that follows it, you can swap the routine with something good (or less bad) to do.

For example: If you feel the cue of smoking, replace the smoking with some other activity like having a cup of coffee.

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