Get better at making decisions - Deepstash

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Why It’s Hard to Make Decisions (Especially Good, Fast Ones) - Effectiviology

Get better at making decisions

  • Be aware of the cognitive biases that might influence your thinking, and then use debiasing techniques to reduce those biases (imagining you're you’re giving advice to a friend, for example)
  • You can rely on your intuition when it’s appropriate to do so in quick decision making, but make sure to limit the amount of information you take in, embrace the concept of good enough, and identify the cost of delaying.
  • For hard decisions, when you’re struggling to choose, you can focus on the concrete facts, eliminate weak options, look at secondary factors, and visualize the future outcomes of choosing different options.

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SIMILAR ARTICLES & IDEAS:

The 37%

Mathematics dictates that you should take 37% of the time or options you have to simply look and after that, you should commit to the first option that is better than everything you’ve ...

The brain when we make decisions

The 2 systems of the brain that wok during decision making:

  • System 1 is automatic and quick (like "something feeling off").
  • System 2 is deliberate and slow (like an algorithm).

At times, these systems are at odds with each other, but research shows it's always best to trust an algorithm than your own gut.

Pros-and-cons lists are flawed

There are a few biases they don't address:

  • Narrow framing: the tendency to view an option as your only option.
  • Confirmation bias: our tendency to gather the information that supports our preferred option.
  • Short-term emotion: our tendency to have our judgment clouded when emotions run high.
  • Overconfidence: our tendency to make a decision with too much optimism about how things will play out.
Why we are not decisive
Why we are not decisive

The main cause of our trouble with being decisive comes down to this process: cultural conditioning +negative habits.

There are persons that start life fro...

Learning to be more decisive

This comes down to pinpointing and getting rid of the habits that increase indecisiveness.

If you feel you struggle to be decisive it's because you've developed habits that increase your lack of confidence when it comes to decision-making.

Uncertainty is a key feature of decision-making

Recognize and accept the fact that you will not be able to control and solve all uncertainty and that you don’t need to. You will be anxious about that, but it's normal.

This will make it much easier for you to simply make a decision and move on.

The costs of indecisiveness
  • Not taking action can cost you an opportunity, or cost money and time as you delay.
  • People waiting for you to make a decision can get frustrated.
  • You can feel stress about your...
How we deal with uncertainty

These are some of the common ways we habitually deal with the uncertainty of a decision. But none of them solve the problem for us:

  • Doing some research. 
  • Writing out a pros and cons list.
  • Asking a bunch of people about their opinion.
  • Putting off the decision.
We are uncertain about
  • What the best choice might be.
  • Whether there will be negative consequences of the choice.
  • Whether we’ll look dumb to others if we make the wrong choice.
  • Whether we’ll feel dumb, or ripped off, and regret it for years to come.
  • Whether we’ll be OK if we make the wrong choice.