How do we make wrong decisions?

wrong decisions

If this piece of information from The Daily Mirror of UK is to be believed, on an average, a person makes 773,618 decisions in a lifetime.

Whoa!

“That is about 27 decisions in a day – starting from whether to turn off the alarm or hit snooze,” mentions the article.

We make decisions all the time.

Should you drive down in your car or take a cab?

Should you watch Movie A or Movie B?

Should you have ice cream or a brownie?

Should you vote for NM or RG?

Should you sign up for my blog or not? 🙂

The interesting part is most of these choices are conflicting. Take some more examples.

Should you launch one product or the other?

Should you build the feature X or feature Y into your software?

Should you invest in equity or debt?

Should you sell stocks now or buy more?

Should you take on more loans for your venture or sell equity?

Should you give the contract to vendor A or vendor B?

Now comes the interesting part. Quoting the same article, of the 773,618 decisions – you will come to regret 143, 262 decisions. It means that 25% of your decisions would turn out to be bad – wrong decisions.

I wonder how come we make so many wrong decisions. What on earth can affect our mind so much that we can’t make right decisions? Or should I say how can we prevent ourselves from making wrong decisions?

Let’s explore this subject more.

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The Secret Power of 3

power of 3

Kitne aadmi the” is one of the most memorable lines of the Indian movie industry. Gabbar Singh, the evil villain from the classic movie Sholay, rolls it off his tongue when his 3 men return empty handed from a loot campaign.

Let’s take another one – Veni, Vidi, Vici or I came, I saw, I conquered. I am quite sure that you have come across this one too. This was Julius Caesar.

Do you see anything common in the two statements? I dropped a hint very early, if you noticed.

Well, both are ‘memorable‘ and both have ‘3 words‘. Isn’t that interesting?

Can you recall any other which has a structure of ‘three‘ – 3 words, 3 parts, 3 rules?

It’s not difficult. I would say, it’s as simple as ABC or 123.

You get the direction, right? See, if you can think of a couple of them.

What power does 3 have?

Somehow 3 is that magic number that our brain can focus attention on and absorb in. Not 2, not 4 but 3.

Come to think of it, it’s been there, forever. The most memorable and actionable ideas are no more than 3 words long. I would say 3 is the ultimate brain hack. And we will know why?

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It is time to revisit the 7 Habits

The 7 Habits of Highly Effective People

I read the 7 Habits of Highly Effective People, for the first time, in the year 1999. Since, then once in a year, I end up revisiting the text and refresh my learning. Once when I was to buy the Amazon Kindle ebook version, Amazon was kind enough to offer it to me for free. The landmark book, written … Read more