10: Decision-Making: FYCO (Figure Your Crap Out-isode)

"The most difficult thing is the decision to act, the rest is merely tenacity."  - Amelia Earhart     Definition Decision-making is..".In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities." (Wikipedia). Decision-making is either... 1. The gut-level response we have to choose one path over another (System1). 2. The active, critical-thinking process of applying wisdom to several options in order to find the best one (System 2) Research Start with WHY What's the purpose? Famous Decisions: JFK's team deciding to have the top down on his car that he rode through the streets in - which led to his assassination Rosa Parks deciding toast down on a bus and jumpstarting the civil rights revolution MLK's speech - deciding to go off his notes and talk about "I have a dream"  The psychology of decision making Thinking fast and slow by Daniel Kahneman. System 1 vs System 2 thinking. We make decisions based on what we perceive as best and that is either an active perception (kaneman) or passive. Actively being aware of our biases is crucial How we go about actively making choices Get active Don't settle for status quo...which will be a conglomerate of how your family and friends make decisions. Get active, stop apathy. Own your choices. Determine your defaults Determine other influences  Biases like advertisements, confirmation bias, etc. (Re)Designing our Defaults We have to redesign our lives so that we make better decisions by default With bigger decisions, we need a framework for judging that becomes our default. We have to measure the options we have by the truth and our sense of self and calling. Defining our Process to making a decision Decision-Making Framework (From TRG blog posted last week) Remove self from individual moment and look at big picture Eliminate emotion as much as possible (and replace with rational logic) Seek counsel, but don't give up the decision-making responsibilities Must seek counsel from the right people - experts, and those who have your best interests in mind The best advisers will never make the decision for you Trust your gut! (Arguably the hardest part) If you have wrestled with the decision for long enough and still don't have a clear answer, you will have a gut reaction (usually from early on in the process) that, if well-informed, will almost always be the right decision. "The most difficult thing is the decision to act, the rest is merely tenacity." –AMELIA EARHART Never Look Back! The only place to move towards after making a decision is forward! http://www.thaneringlergolf.com/blog/2016/10/18/the-summer-of-2016   For all the resources and a full breakdown of the episode, check out the show-notes here:  www.theupandcomersshow.com/episodes/fyco