Still on good and bad decisions, it is important to reflect on some of the reasons why most people end up making the wrong decisions.
We Are Sometimes Gullible
Sure, we all like to conclude that we are rational and that we can easily make decisions without being biased. However, this is not the case for most of us. Numerous instances increase the chances of acting irrationally. For instance, when rushing, interrupted, tired, under pressure, etc. These situations could have a negative impact on the decisions that we make. In the end, we find ourselves making the wrong decisions.
Similarly, using the wrong model could have an impact on the decisions that we make. In this regard, the wrong model will often lead to bad decisions being made. Incorrect interpretations of what is going on around us will often blind us from realizing that we are making mistakes. When people are inexperienced in certain areas, they find themselves in situations where they use less useful models. Therefore, this is what leads them to make the wrong decisions.
Failing to Learn
From what we’ve discussed about focusing on the process and not the outcome, it is clear that we all make mistakes. The difference is how we perceive them. Failing to learn from these mistakes will only drive us to make similar mistakes repeatedly.
Having the Wrong Information
Wrong or erroneous information will also influence people to make incorrect assumptions about events, things, relationships or people around them.
The reality that we have to deal with is that most people struggle to make the right decision. It’s simple, but not easy. If people took the time to understand the world, things would have been different. Unfortunately, most individuals view the world from their own perspectives. Ultimately, this influences their decision-making process as they end up settling for the wrong mental models. Understanding the word just as it is will transform your perspective toward life. You will begin to feel a sense of belonging and enhance your decision-making process.
The more you make sound decisions, the more you will realize that you have plenty of time to yourself. You will free yourself from stress and have more time to enjoy with family and friends. So, how do you understand the world in a way that will help you become a better person?
Understanding the World
It is important to stress the fact that your thoughts are determined by the mental models that you’re using. When thinking about budgeting for your groceries, you’re using a mental model. When thinking about how the economy works, you’re using a mental model. The mind creates the best path that leads us to understand a particular concept in the most simplified manner.