Which job should you take? What car should you buy?
Should you ask him to marry you? Are you ready for another baby? Is this house
right for you, or should you keep looking before you make an offer?
Life is full of hard choices, and the bigger they
are and the more options we have, the harder they get.
When presented with more options, though, we choke
up. Jump onto the rock or climb the tree? We don’t know which is clearly
better, and research shows that most people will not choose at all when
presented with several equally good options.
Practice, experience, and rules of thumbs can help
us to make those split-second decisions (for example, “When in doubt, go left”
has done pretty well for me so far). Fortunately we don’t normally face
immediate, do-or-die decisions – we usually have the luxury of working through
a decision.
Getting Past Pros and Cons
The old chestnut of decision-making is the list of
pros and cons. You make two columns on a piece of paper and write down all the
positive things that will come of making a choice in one column and all the
negative things in the other. In the end, the side with the most entries wins.
But this strategy doesn’t take into account the
different weight that each positive or negative might have. If one of your pros
is “will make a million dollars” and one of your cons is “might get a
hangnail”, they don’t exactly cancel each other out.
Some people counter this problem by assigning point
values to each item in their list. A huge income might be worth +20 points,
while a tiny risk might be only –1. This helps make a more realistic assessment
of your options.
But pros and cons aren’t always apparent or obvious,
and the whole list-making process doesn’t sit well with many people –
especially impulsive, “seat-of-the-pants” who might feel unnaturally hampered
by the formality of the pro and con list.
Here are some other strategies for making big
decisions. Not all of them will work for every person or for every decision,
but they all have something to offer to help you clarify your thinking and
avoid “decision paralysis” while the water rises around you.
Analyze outcomes
Working through a big decision can give us a kind of
tunnel vision, where we get so focused on the immediate consequences of the
decision at hand that we don’t think about the eventual outcomes we expect or
desire.
When making a choice, then, it pays to take some
time to consider the outcome you expect. Consider each option and ask the
following questions:
What is the probable outcome of this choice?
What outcomes are highly unlikely?
What are the likely outcomes of not choosing
this one?
What would be the outcome of doing the exact
opposite?
Thinking in terms of long-term outcomes – and
broadening your thinking to include negative outcomes – can help you find
clarity and direction while facing your big decision.
Ask why – five times
The Five Whys are a problem-solving technique invented
by Sakichi Toyoda, the founder of Toyota. When something goes wrong, you ask
“why?” five times. By asking why something failed, over and over, you
eventually get to the root cause.
Why did my car break down? A spark plug failed. Why?
It was fouled. Why? I didn’t get a tune-up. Why? I was too busy playing GTA4.
Why? Because I’m miserable and lonely and the people in the game are the only
ones that really love me.
See? Your car broke down because you’re a sociopath.
Although developed as a problem-solving technique,
the Five Whys can also help you determine whether a choice you’re considering
is in line with your core values. For instance:
Why should I take this job? It pays we\Why is that
important? Because I want to build a career and not just have a string of
meaningless jobs. Why? Because I want my what’s important in life.
Notice that you sometimes have to change how you’
ask “why” to keep the questions focused inward rather than outward to
irrelevant external factors. It wouldn’t do any good to ask “Why does this job
pay well and offer me a chance to grow” since the important thing is that it
does, not why it does.
Follow your instincts
Research shows that people who make decisions
quickly, even when lacking information, tend to be more satisfied with their
decisions than people who research and carefully weight their options. Some of this
difference is simply in the lower level of stress the decision created, but
much of it comes from the very way our brains work.
The conscious mind can only hold between 5 and 9
distinct thoughts at any given mind. That means that any complex problem with
more than (on average) 7 factors is going to overflow the conscious mind’s
ability to function effectively – leading to poor choices.
Our unconscious, however, is much better at juggling
and working through complex problems. People who “go with their gut” are
actually trusting the work their unconscious mind has already done, rather than
second-guessing it and relying on their conscious mind’s much more limited
ability to deal with complex situations.
The Choice is Yours
Whatever process you use to arrive at your decision,
your satisfaction with your decision will depend largely on whether you claim
ownership of your choices. If you feel pressured into a choice or not in
control of the conditions, you’ll find even positive outcomes colored
negatively. On the other hand, taking full responsibility for your choices can
make even failure feel like a success – you’ll know you did your best and
you’ll have gained valuable experience for nest time.
What strategies do you use? I know I’ve
left out a lot of sound techniques — share your own decision-making strategies
in the comments.
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