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