"...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 … Continue reading Decide to K.I.S.S.
Tag: decision-making
Double or Nothing
"I often like to think in terms of these three options when I have a big decision to make.I can call. I can maintain the status quo and keep my energy investment the same as before. I can raise. I can escalate the situation and put more energy into it. Or I can fold by … Continue reading Double or Nothing
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