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Make More Decisions

Make More Decisions

I was reading a book the other day, and the author made an interesting point about personal power and decision-making. Basically, the author connected personal power to making more decisions. Every day, every moment, we have the power to make decisions about (1) what...
Why You Shouldn’t Count the (Sunk) Costs

Why You Shouldn’t Count the (Sunk) Costs

Before you made a decision growing up, your parents probably told you to count the costs. Usually this is good advice, unless the costs are sunk. What is a Sunk Cost? When we make a decision, we often consider resources (e.g., time, effort, money) that we have already...
Automatize Your Life

Automatize Your Life

Sometimes it can be helpful to automatize our lives as much as possible. As humans, we have a lot of limitations. We have a limited cognitive capacity. We have a limited amount of energy. We have a limited amount of self-control. We get tired, stressed out, hungry,...
Eliminate Decisions

Eliminate Decisions

If you want to be successful, consider how you might work to eliminate unimportant decisions in your life. For example, how much time and energy do you spend each morning trying to decide what to wear? Successful people often wear the same thing every day. Steve Jobs...
Choose Your Tradeoffs

Choose Your Tradeoffs

I was talking with a friend recently about his career trajectory. He was working at a smaller company, and doing well, but he was considering a new opportunity with a larger company. The new job would make more money, but it would also come with more pressure. My...
Hit the Pause Button

Hit the Pause Button

I was traveling recently, and when I got to the airport, I had to take a train to get to my terminal. As I rode up the escalator, the train had arrived and was about to take off. I had just enough time to rush into the train as the doors closed behind me. Whew! That...
How Anchoring and Adjusting Can Mess Up Your Life

How Anchoring and Adjusting Can Mess Up Your Life

There are several research studies in psychology that explore how our decisions and behaviors are influenced by the people around us. We might think we are independent and make our own individual decisions, but the research says we are more influenced by other people...
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