Some Advice on Decision Making: Choose Wisely
A foundational example of decision-making from a critical piece of literature:
Bridgekeeper: Stop. What… is your name?
Decision-making can be tricky and if it is done well, can get you thrown over the edge of a chasm. It’s something we do every day and often at the request of others….and often without a lot of thought. What’s even more astounding is there are a host of things that affect our decision-making that we’re not even aware of. The following in no way represents a complete list of the ways we can ‘hose-up’ choosing what socks to put on in the morning or whether we take out a loan to buy those Buffalo Gold Piece tribute coins.
In last month’s newsletter, I discussed the concept of framing – a cognitive bias, which our thoughts, feelings, or decisions can be impacted by how information is presented. Framing; however, isn’t the only cognitive bias that can affect how we decide things. Here are a couple of others:
What can we do?
And as always, I urge you to constantly educate yourself. There is a ton of great research being conducted in this area. Along with psychology, this research has a number of applications in economics and leadership. So, until next month, read more and keep your bladder full.