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Maximization
Also known as Fear of Better Options (F.O.B.O.), is the relentless researching of all possible options for fear that you’ll miss out on the “best” one.
Though maximizers tend to make better decisions, they are less satisfied with those decisions than are people who make quicker ones based on less research.
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Mostly Fine Decision (MFD)
Your M.F.D. is the minimum outcome you’re willing to accept for a decision.
It’s the outcome you’d be fine with, even if it’s not the absolute best possibility.
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Whenever I have a problem I just sing, then I realize my voice is worse than my problem
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Maximizers vs Satisficers
- Maximizers feel less satisfied even if they make better decisions, since they had so much choice, and choosing the best comes down to some sort of compromise.
- Satisficers: They are the people that make quick decisions with fewer options and that tend to be more satisfie...
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 ...
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