Decision Making
Notes
Making a decision is not easy. Most often we stick to the Defaults without even knowing it, and fail to ask ourselves When to Quit . Even when we feel like we are in charge, we use simple and sometimes biases Heuristics and default to Binary Thinking
While using Nudge can solve most of our problems in terms of large scale policies, it is still not enough on the individual level. We need to:
- win win situations - Look for win win situations instead of a zero-sum game
- intentionality - we need to be mindful of our decisions and notice the defaults and other forces that are in play
- Alternative cost - what are you missing out by choosing this option?
- exploration vs exploitation - when do you convert from investing in setting it up to enjoying the fruits of your labor?
- Ripple effect - which decision you can make that will ripple out to others to create a better environment overall?
Books
Decisive (book) Algorithms to Live By (book)