Tuesday, May 05, 2015

The Paradox of Choice: The Art Of Choosing

Here is a post I wanted to share with you to go on with the book I read recently The Paradox of Choice. Making the right decision is a key factor of success in our modern era where we are overwhelm with choice. 

Here is a quick scheme giving by the author to help you out making the right one:
  1. Figure out your goal or goals
  2. Evaluate the importance of each goals
  3. Array the options
  4. Evaluate how likely each of the options is to meet your goals.
  5. Pick the winning option
  6. Later use the consequences of your choice to modify your goals, the importance you assign them and the way you evaluate future possibilities.
Three quick thoughts about the scheme:
  • These techniques are the same for a senior purchaser once he tries to make a deal in a negociation process. This is the scheme you take to get your negociation on the right path.
  • Obviously, depending on the importance of the decision, the process and its different phases may take longer or shorter period of time (either to buy a house or a pizza).
  • What also matters is the way how you deal afterward with the decision you made. Indeed, as the author points out later in the book, regrets are part of the decision making process. Hence, you better off be ready to reevaluate the choice you made.