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krystalxu

Decision Making: Why do we make the wrong choices although we are aware of the right on... - 0 views

  • you blame yourself for not opting for 7 (which was available to you) forgetting that you would not have known that at time of buying the ticket.
  • Unknown Variables
  • two possibilities based on the information available.
  • ...13 more annotations...
  • your estimation was not proven to be correct because the price fell as there were more people who were willing to sell than to buy.
  • It is wrong to blame yourself for something which you were not capable of knowing at the time of making decisions.
  • Competitive Atmosphere
  • We win or lose not only on the basis of  how good or bad we performed but also how good or bad our competitors performed.
  • t is futile to blame yourself or the organization in case your expectations are not fulfilled.
  • Compatibility Issues
  • Hasty Decisions
  • We often take decisions based on impulse rather than careful analysis of the pros and cons of taking decisions. 
  • you may have to repent in leisure.
  • You can avoid much failure if you decide after due analysis and due consideration.
  • Choosing Soft Options
  • There is no inherent reason why medicines should taste horrible — but effective ones usually do. Similarly, there is no inherent reason why decisions should be distasteful — but most effective ones are.” 
  • you are sure to pay the price later for buying immediate peace.
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