Making Smart Choices

• Work on the right decision

  The way you frame your decision at the outset can make all the difference.  State your decision problems caref...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Specify your objectives

  A decision is a means to an end . Ask yourself what you most want to accomplish and which of your interests, val...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Create imaginative alternatives

  

  Your decision can be no better than your best alternative.

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Understand the consequences

  Assessing frankly the consequences of each alternative will help you to identify those that best meet your objectives...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Grapple with your tradeoffs

  Because objectives frequently conflict with one another, you’ll need to strike a balance. Some of this must sometime...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Clarify your uncertainties

  

  What could happen in the future and how likely is it that it will?

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Your risk tolerance

  When decisions involve uncertainties, the desired consequence may not be the one that actually results. A much-delibe...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Consider linked decisions

  What you decide today could influence your choices tomorrow, and your goals for tomorrow should influence your choice...

  Making Smart Choices: 8 Keys to Making Effective Decisions

• Decision making and biases

  

  Experts have known for a while that our decision-making processes are flawed — and often in predictable ways . We eas...

  5 Expert-Approved Ways to Make Smarter Decisions

• Mental time travel

  

  A common decision-making problem is failing to have enough imagination with regards to what could go wrong or falling...

  5 Expert-Approved Ways to Make Smarter Decisions

• Don’t make an important decision

  ... when you're hungry, or sleepy, or angry. Research has shown that our susceptibility to bias increases when we’...

  5 Expert-Approved Ways to Make Smarter Decisions

• Estimate twice, decide once

  When it comes to decisions, conduct whatever research you need to and make your estimate — and then go through the wh...

  5 Expert-Approved Ways to Make Smarter Decisions

• Use a “planning prompt”

  When it comes to situations where the benefits of a good decision lie in the future (reduced weig...

  5 Expert-Approved Ways to Make Smarter Decisions

• Decide in advance

  For a wide range of decisions involving self-restraint, there’s pretty overwhelming evidence that most people are bad...

  5 Expert-Approved Ways to Make Smarter Decisions

• Bias is everywhere

  

  Being aware of your own biases doesn't mean you will be free of them. You need a system that will help prevent your p...

  4 Ways to Make Smarter Decisions

• You're not as smart as you think

  

  It wasn't an individual that got people to the moon. It was all of NASA.  There should be recognition of how m...

  4 Ways to Make Smarter Decisions

• There is safety in numbers

  According to Heath, one study at a mid-sized high tech company showed that a group of leaders thought decisions were ...

  4 Ways to Make Smarter Decisions

• Past decisions

  Consider alternatives and prepare to be wrong--really wrong, not just slightly. And create an atmosphere in which peo...

  4 Ways to Make Smarter Decisions

• Separate decision quality from results

  People have a natural tendency to conflate the quality of a decision with the quality of its outcome. They're not the...

  How to make smarter decisions ~ Get Rich Slowly

• Luck and Incomplete Information

  

  Why don't smart decisions always lead to good results? Because we don't have complete control over our lives — and we...

  How to make smarter decisions ~ Get Rich Slowly

• Thinking in Bets

  Becoming comfortable with uncertainty and not knowing is a vital step to becoming a better decision-maker. What make...

  How to make smarter decisions ~ Get Rich Slowly

• Make smarter decisions

  Stop thinking in terms of right and wrong . Few things are ever 0% or 100% likely to occur. Instead, we should t...

  How to make smarter decisions ~ Get Rich Slowly

• Improve the quality of your decisions

  Learn to examine your own beliefs . If you're certain about something, explore the opposing viewpoint. Build a networ...

  How to make smarter decisions ~ Get Rich Slowly

• You are the sum of your decisions

  

  A few major decisions determine a good portion of how our lives, careers, and relationships turn out. The outcomes of...

  The Ultimate Guide to Making Smart Decisions - Thrive Global

• Why We Make Poor Decisions

  We’re not as rational as we think.  We’re not prepared. We don’t understand the invariant ideas — the mental mo...

  The Ultimate Guide to Making Smart Decisions - Thrive Global

• The World Is Multidisciplinary

  We live in a society that demands specialization. Being the best means being an expert in something.  A byproduc...

  The Ultimate Guide to Making Smart Decisions - Thrive Global

• General Thinking Concepts

  Inversion — Otherwise known as thinking something through in reverse or thinking “backwards,” inversion is a proble...

  The Ultimate Guide to Making Smart Decisions - Thrive Global