The title is incorrect this is not about how to make decisions this is actually just an examination of the decision-making process and how you feel in each stage of the process.
If you want to make successful decisions, really struggle with them, but the cost of that is that you won't feel like you made the best decision. If you want to feel good about your decisions, don't think about them too much and use your intuition. You can also prevent regret this way. The cost of this is that your decisions will be of a lower quality in general. Ask yourself 3 questions before making a decision: 1 do y have enough info 2 is it the right time to make the decision 3 ask yourself what is it really possible to achieve..
PREPARING: Gather info good sources, priority factors, unknown, google. Do quickly, so you can go to other steps. Sometimes I understand deeply but equally I deeply know the complexity of the X% of risk, but the probability is still X%. Can I skip the deep analysis, do one option, then if does not work second option to correct it? Time invested is lower in: DEEP ANALYSIS+ COIN OPTION vs OPTION 1 + OPTION 2. TIMING: Is it good enough? Can I divide decision? Do some parts and rectify the path with the future knowledge? What other projects could I work on with the time invested in this decision. So, maybe I can choose to invest in other objectives and accept the imperfect result of this mediocre decision that came with other prizes, REGRET: Accept there are unknown unknowns, many info confuses us, and Nessy does not exist. High time-cost decision does not guarantee, a good result, so you can forgive yourself for the low time-cost decision. You can forgive yourself for low cost decisions, you know you have good intentions and limited knowledge, you are like a hero trying hard and then punishing yourself. How can you know the time invested in this decision is enough???
uhmmm, can someone explain how this would help me make a decision? because they were just explaining the process...the only takeaway for me was that "the earlier in life you make a decision the bigger the consequences".
I could be completely wrong, but what I personally took from it is if you lean from 1-5, you're likely better at making decisions analytically and rationally, but if you're like myself on the 6-10 side and likely overthink decisions a lot, you probably have a better chance at making the best decision by listening to your own intuition. (which coincidentally I've always felt like I've had very strong intuition in this context, so it seems to make sense for me)
I'm currently at the stage of "not knowing if I actually do regret a decision, and should therefore change it, or if I'm just overthinking stuff"...Nice talk!
Hey bro I want to know that how it's going with that decision I am also very confused about a decision and my condition i just like you could you please help me ,if you were In place of me today you would definitely wish to get an answer from the other person so please think in that way please help me
If you can't make a decision between TWO options... FLIP A COIN, then whatever it lands on, if you somehow wish it was the opposite... then you have your decision.
This duo is awesome and this approach as well. I literally enjoyed the whole 18-19 mins . I've managed to answer the end question as well. Lots of love to both the speakers and this channel as well. Well done!
What about, Unknown - Must Know Unknowns vs Unknown - Good to Have Known Unknowns. If you must know. I guess it all depends on timing. Timing is everything.
Sounds good. But forward open questions to the next step, and eventually confuses us making us forget those questions and teasing us home. - So "When do you know that you know enough?" - What if you know three options to choose from, but they are all shit, and you don't know the other 100 awesome ones?
In an important decision, later I knew I should have consulted and explored one of the options I discarded, I did consult with experts before the decision, but it is like they just went superficially on the matters even if they have deep knowledge, they gave quick advice. The decision I made was incomplete, and not so good. Still, it was useful to certain point, I mean could have being terrible to have kept undecisive and if we did not do anything on time. The issue is that the experts do not really matter the result and the won't invest as much. Maybe you can make an arrangement linked to the result so they really make the effort. I think you can make a checklist of sources to consult, include some experts in the area. Organize knowledge and make them review your plan.
I enjoyed this talk and hearing your perspective on 3 aspects that affect decision making: preparation, timing, regrettability. Also, by being conscious of things that we dont know we don't know, we should do all that we can to glean information from others' experiences who have done the job we are trying to undertake or have already walked the road that we have, and are will willing to share their knowledge. This can be by reading books that have been written on the subject or through conversation.
PowerPoint is so common that I found this style to be much more engaging and effective. Good work guys on making the extra effort to draw and write on the chalkboard for your visuals!
Great talk! Loved their chalk-blackboard presentation. The doodles were cool and cute, it isn't as easy to do that at such speed and multitask. They managed to inclued much info and concepts into the time limit. One of the best of the Ted talks on this topic for me.
Summary: There will never be a perfect decision in life but whatever you do with your available information be honest with yourself by factoring time, your research and cutting through your biases.
