“…irrelevant information or unavailable options often cause people to make bad choices. When both elements are present, the probability of a poor decision is even greater.”
—Chadd, I., Filiz-Ozbay, E. & Ozbay, E.Y. “The relevance of irrelevant information.” Experimental Economics. November 11, 2020. https://doi.org/10.1007/s10683-020-09687-3
Determining what is possible and the relevant information between choices is key to good decision-making. It’s obvious, but at the same time, it’s something worth keeping in the forefront of our minds when making decisions.
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