Since my last post on principles, I’ve jotted down a few more ideas in my notebook. I’ve transcribed my thoughts under the photo below.
6. Where appropriate, seek to reduce or limit choice pools.
a.) Too many choices is paralyzing.
b.) Extraneous choices impacts rank(ing) orders.
c.) Choice + paralysis will cause decision friction –> procrastination, and inertia will grind things to a halt.
d.) Time and resources get wasted in the decision process –> you trade off value.
e.) Most decisions can be whittled down by routine and quick preference (gut reaction) –> use 80/20.
f.) Invest time in deliberation for high stakes outcomes or decisions that interest you.
i.) Also invest when decision process is educative for you.
This entry largely captures what my behaviours are like when it comes to making decisions versus where I want them to be. By nature, I’m a risk averse and indecisive person. I tend to sit on decisions far too long, to the point where they can cause anxiety when it’s finally time for me to make the call.
I also tend to lack preferences in a lot of things. For instance, I usually don’t have a strong preference when it comes to picking a place to eat, so I’m terrible at deciding where to go but I’m perfectly happy to go along with choices made by others. There are many things I’m starkly black-and-white about (which is really annoying to my wife), but most of the time I sit in a middle state like Buridan’s ass.
Therefore, this set of principled notes captures where I want to be – to quickly narrow down extraneous choices (because too many options usually leads to diminished outcomes), and to automate where I can. Then, I can focus on the really important decisions or use the deliberation process as a teaching tool for myself.