What is Decision Making?
Why We Make Poor Decisions
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5 Common Mental Errors That Sway You From Making Good Decisions:
Let's talk about the mental errors that show up most frequently in our lives
and break them down in easy-to-understand language. This article outlines how
survivorship bias, loss aversion, the availability heuristic, anchoring, and
confirmation bias sway you from making good decisions.
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How to Spot a Common Mental Error That Leads to Misguided Thinking: Hundreds
of psychology studies have proven that we tend to overestimate the importance
of events we can easily recall and underestimate the importance of events we
have trouble recalling. Psychologists refer to this little brain mistake
as an “illusory correlation.” In this article, we talk about a simple strategy
you can use to spot your hidden assumptions and prevent yourself from making an
illusory correlation.
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Two Harvard Professors Reveal One Reason Our Brains Love to
Procrastinate: We have a tendency to care too much about our
present selves and not enough about our future selves. If you want to beat
procrastination and make better long-term choices, then you have to find a way
to make your present self act in the best interest of your future self. This
article breaks down three simple ways to do just that.
How to Use Mental Models for Smart Decision Making
Best Decision Making Books
All Decision Making Articles
Best Articles on Related Topics
Let's define decision making. Decision making is
just what it sounds like: the action or process of making
decisions. Sometimes we make logical decisions, but there are many times
when we make emotional, irrational, and confusing choices. This page covers why
we make poor decisions and discusses useful frameworks to expand your
decision-making toolbox.
I like to think of myself as a rational person, but
I’m not one. The good news is it’s not just me — or you. We are all irrational.
For a long time, researchers and economists believed that humans made logical,
well-considered decisions. In recent decades, however, researchers have
uncovered a wide range of mental errors that derail our thinking. The articles
below outline where we often go wrong and what to do about it.
The smartest way to improve your decision making
skills is to learn mental models. A mental model is a framework or theory that
helps to explain why the world works the way it does. Each mental model is a
concept that helps us make sense of the world and offers a way of looking at
the problems of life.
You can learn more about mental models,
read how Nobel Prize-winning physicist Richard Feynman uses mental
models, or browse a few of the most important mental models below.
Top Mental Models to Improve Your Decision Making
Want more great books on decision making? Browse my
full list of the best decision making books.
This is a complete list of articles I have written
on decision making. Enjoy!
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