Seth's Blog : Bad choices

If made freely, a choice feels like the right thing at the time. But we realize it was a mistake later, once the moment passes. We don't know now what we learned in the future. Bad choices can be caused by: Poor information Shoddy analysis (including ...

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Bad choices

If made freely, a choice feels like the right thing at the time.

But we realize it was a mistake later, once the moment passes. We don’t know now what we learned in the future.

Bad choices can be caused by:

• Poor information
• Shoddy analysis (including cognitive glitches and reliance on sunk costs)
• Peer pressure
• Manipulation
• Hustle
• Power imbalance
• Focus on the short run
• Indoctrination
• Superstition
• Unexamined biases

Take a look: each of these is the product of outside forces and can be unlearned and insulated against. The good news is that we can get better at our choices.

   

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