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Not A Good Decision Maker? You Will Know How To Be One After Reading This.

Not A Good Decision Maker? You Will Know How To Be One After Reading This.

We’ve been told that making good decisions is all about standing our ground. It’s about being strong and deliberate. It’s about being sure of ourselves. What if we’re wrong? What if a good decision requires just the opposite? What if we need to become more open-minded?

In 1995, Psychologist Jonathan Baron coined the term “actively open-minded thinking.” According to Baron, the primary purpose of deliberate thought is to form beliefs and make decisions based on those beliefs. Actively open-minded thinking is the process of consciously considering a wide array of options when forming those beliefs and making those decisions.

It sounds nice in theory, but does actively open-minded thinking actually help you make better decisions? Wouldn’t it, instead, make you more uncertain? Won’t considering too many options cause to flounder in doubt and become indecisive? Well, to answer these questions, I’ll first consider the opposite of actively open-minded thinking. Let’s call it “actively close-minded thinking.”

The Perils of a Closed Mind

In a recent experiment, researchers from the Yale Cultural Cognition Project sought to understand how political ideologies influence our ability to make accurate judgments. To do so, they split a thousand participants into four equally sized groups, each containing more or less the same amount of liberal democrats and conservative republicans. Each group was asked to look at a chart and perform a basic mathematical calculation in order to draw a conclusion about the data.

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The first two groups were attempting to understand whether a new skin cream had caused subjects in trials to get worse or to get better. To do so, they had to calculate the ratio of the subjects who had taken the cream and gotten better to those who hadn’t taken the cream and still got better (control group), to the ratio of those who had taken the cream and got worse to those who hadn’t taken the cream and still got worse (control group).

For one of these groups, the data was presented favorably for the cream. For the other, the data was presented unfavorably for the cream. Though neither group demonstrated excellent quantitative abilities, liberal Democrats and conservative Republicans scored equally well in each of these groups. But what if the topic was a little more politically charged? What if the issue wasn’t about skin cream? What if, instead, it was about Gun control?

For the second two groups, the researchers kept the data exactly the same, but they changed “the introduction of a skin cream” to “the introduction of a gun ban.” Then, they asked the subjects to calculate whether the gun ban led to an increase or a decrease in crime. How do you think these results came out?

Both not surprisingly and downright shockingly, the politically—charged context dramatically changed how participants answered the question—even though it was the same basic math problem. In the group with results favorable to the gun ban, conservative republicans were far more likely to get the question wrong. In the group with results unfavorable to the gun ban, liberal democrats were far more likely to get the question wrong.

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Why, in the second experiment were people more likely to make poor judgments? Because they already had their minds made up on the issue. They didn’t need to think it through, because they already knew the right answer. Or, so they thought.

It turns out that being certain doesn’t help you make better decisions; it just helps you make faster decisions.

The Profits of an Open Mind

Now, back to “actively open-minded thinking.” In a separate experiment, published in the journal Judgment and Decision Making, a team of researchers sought to put actively open-minded thinking to the test. The researchers first administered a standard test, measuring how prone the participants were to thinking open-mindedly. Then, they tested how well the participants could predict the outcome of a football game from a previous season (not known by the participants) in the National Football League.

On a screen, each participant was shown a home team and an away team. At the bottom of the screen, they were given two options. They could 1) ask for information or 2) make an estimate. If they requested information, they were given clues such as the teams’ win-loss records. The participants were permitted to request up to 10 pieces of information before making an estimate.

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After all the participants had made predictions on ten different games, the results were tabulated. As you might expect, the people who opted to gather more information were much more likely to make accurate predictions than those who guessed right away.

And what about that “open-mindedness” test? Yes, it turns out that those who sought out more information were also those who scored highly on the test. The takeaway: being open-minded causes you to seek out more information. And, seeking out more information causes you to make better decisions.

A Posture of Curiosity

There’s another less academic word for “actively open-minded thinking” that we use much more often in our everyday conversations. That word is “curiosity.” Everyday, we’ll encounter major decisions that will impact us for the rest of our lives. We’ll have to decide whether or not to marry our significant other. We’ll have to decide whether or not to accept a job offer. We’ll have to decide whether or not to go to graduate school. Approaching such situations with a posture of curiosity will almost always help us make better decisions.

When making these major life decisions, the closed mind will focus only on one variable. Does my mother/father approve? Is it a high enough salary? Will the degree get me a better job? The curious mind seeks out more information. What do her/his parents think? Twenty years from now, will it matter what my parents think? Is salary the only thing I should be concerned with? Will I get along with the people that currently work there? Do I just want to go to school to get a better job? Aren’t I also interested in learning more about my field and becoming a more well-rounded person?

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When you’re curious, you ask these questions. When you ask questions, you get answers. And when you get answers, you make better decisions.

The idea that the person who makes quick, forceful decisions without any doubt is somehow making better decisions—that’s a myth. As psychologists Christopher Chabris and Daniel Simons point out in The Invisible Gorilla, those who are most confident in their decision-making abilities are often those who are least competent in their decision-making abilities.

If you want to make better decisions, doubt your intuitions. Test your assumptions. Seek a wider range of possibilities.

Become curious.

Featured photo credit: Pretty young woman making a decision with arrows and question mark above her head via shutterstock.com

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Last Updated on January 24, 2020

10 Good Habits To Have in Life To Be More Successful

10 Good Habits To Have in Life To Be More Successful

Habits are behaviors and patterns that you showcase by default. They enable you to carry out crucial activities like taking a shower, brushing your teeth, getting prepared for work.

Interestingly, you follow this routine every day without considering them. Your unconscious habits create room for your brain to perform more advanced activities like problem-solving and choosing what book to read.

Everyone has habits, and several of those habits are activated every day. I would classify them into three groups:

  • The first category includes the habits that you hardly notice as they have become a major part of your life- such as brushing teeth or wearing clothes.
  • The second category comprises good habits to have to be more successful-like eating healthily, exercising your body and reading books.
  • The last group consists of those habits that are harmful-like procrastinating, smoking or overeating.

Habits are fundamental to becoming successful in life — or probably ending up a failure. Yet, as significant as habits are, some lack the knowledge of their capabilities.

Habits are default activities that you engage in without giving an afterthought. They are automatic behavioral or mental activities. They help you carry out some actions without exerting too much energy. They simplify your life.

Several people aspire to break bad habits. For instance, some people diet to stop overeating. They exercise to reduce obesity. Habits can hinder or impact your performance and productivity.

That’s why I would share 10 good habits to have to be more successful in life.

1. Begin Your Day with Meditation

I recommend mindful meditation early in the morning. This practice helps you to be in the present moment. Consequently, it enables you to be mindful of challenging situations during the day.

Different stressors may trigger as you go through the day; meditation helps you to remain calm before taking on the challenges.

Personally, it helps me to devise strategies and think about ideas. Meditation is a good habit to have if you want to be connected to what’s significant in your life.

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2. Be Grateful for What You Have

Sometimes, you waste time thinking of what’s not enough. You become immersed in those daunting challenges. However, challenges justify the presence of hope. When you have life, you have expectations. You will be free from challenges when you are six feet under. The only strategy you have to stop focusing on your problems is to focus on what you have.

Gratitude is a time-tested pathway to success, health, and happiness. It redirects your focus to what you have from what you lack. Here’s what James Clear does every day,[1]

“I say one thing I’m grateful for each day when I sit down to eat dinner.”

3. Smile

Can you pause and smile before you continue reading this?

Now here is what just happened based on research conducted by the Association for Psychological Science; you set a pace for living a happier life when you smile. A genuine smile or what’s called a Duchenne smile is a good habit to have if you want to find spiritual, emotional and mental peace of mind.[2]

Smiling induces the release of molecules that function towards fighting stress. The physiological state of your body determines the state of your mind. When you slouch or frown, your mind takes cues relating to unhappiness and depression. But, once you adjust yourself by putting up a smile, you begin to feel a new level of excitement and vibrancy.

Can you smile again?

4. Start Your Day with a Healthy Breakfast

Starting your day with a healthy breakfast is a good habit to have and forms a crucial part of your life. Nevertheless, about 31 million Americans skip their breakfast each day.[3]

If you are fed up hearing that breakfast is a crucial component of your day, you are only fighting the truth. If you want to become more successful, you need to ‘break your fast’ with healthy foods every morning.

This habit is not difficult to form if you usually rush out the door every single morning. You can wake up earlier to fix yourself a meal so you don’t break down during the day.

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Get inspired by these 20 Healthy Breakfast Choices That Will Save You Time.

5. Exercise Daily

One of the good habits to have is to exercise your body and muscles every day. You don’t have to run a marathon or lift a weight. You only need to engage in less strenuous activities that oxygenate your blood and inject endorphins in your body.

Jack Dorsey, the CEO of Twitter, classified exercise as a good habit to maximize his already jam-packed schedule.[4] He said,

‘I wake up by 5, meditate for 30 minutes, seven-minute workout times three, make coffee, and check-in.’

He said on Product Hunt that he follows this routine every day as it gives him a steady-state that empowers him to be more productive.

6. Manage Your Time as You Manage Your Finance

Another good habit is the act of managing your time effectively. This goes a long way to impact your achievement.

Time management is what separates the successful from the rest of the world as we all possess the same amount of time. How you leverage time determines your potential to succeed in life.

So how do you manage your time effectively?

Here’s Jack Dorsey’s recommendation in one of the Techonomy events;

“I accomplish effective time management by theming my days and practicing self-discipline. These themes help me handle distractions and interactions. If a request or task does not align with the theme for that day, I don’t do it. This sets a cadence for everyone in the company to deliver and evaluate their progress”.

And this is Dorsey’s weekly theme:[5]

  • Monday – Management
  • Tuesdays – Product
  • Wednesday – Marketing and growth
  • Thursdays – Developers and partnerships
  • Fridays – Culture and recruiting
  • Saturdays – Taking off
  • Sundays – Reflection, feedback, strategy, and preparing for Monday

No wonder he was able to run two companies when others were struggling with one job.

7. Set Daily Goals with Intentions

Everyone has goals. It may relate to business or personal life. The truth is, we’re all tending towards a particular direction or another. Nevertheless, while long-term goals can offer you direction, it’s your daily goals that you establish that help you develop short-term goals that are essential for your success.

Long-term goals may not give you the motivation you need to keep on. But when you implement your short-term milestones daily, you become fired up, and you can overcome the challenges that come with taking on bigger tasks.

Here’s the main truth:Successful people don’t set goals without establishing their intentions. According to Jennifer Cohen of Forbes,[6]

“What helps you to achieve your desired expectation is ensuring intentions accompany your daily goals.”

Be intentional about your daily goals!

8. Seek Inspiration

It is usually difficult to be inspired for a considerable length of time. Sometimes, you become discouraged and feel like giving up on your goals when things are not working out as intended.

A practical approach to stay on top of the situation is to inspire yourself each day. When you wake up in the morning after meditation, watch some motivational videos, and let the story of great leaders inspire you.

Establish what Anthony Robbins called the ‘hour of power.’ Determine how many minutes you spend but make it count. Inspiration is the fuel for achievement because when you can conceive it in your mind, you can accomplish it.

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Michal Solowow, an investor and the founder of Mitex, a construction company puts it this way,[7]

“The problems I encounter in everyday life motivates me to find solutions. This is a self-propelling mechanism. becoming a billionaire was never a motivating factor.”

9. Save Steadily, Invest with All Prudence

I can exhaust the good habits to have without talking about saving and investing. Most times, you overlook the significance of saving for the future when you are living in your present moment. According to CNBC, a $1000 emergency will propel several Americans into debt.[8]

However, it is not enough to save, and you must invest your fund and be wise with it. If you pay attention to this now, you will set yourself for a life of success in the future. Ensure you save at least six months in your emergency account so you can be prepared for any future emergency.

10. Budget and Track Your Spendings

Benjamin Franklin warned of taking the precaution of little expenses. He said,

“A small leak sinks a great ship.”

It is easy to discard little expenses, but the truth is they always add up. This happens when you fail to budget.

Budgeting is a good habit to have, which can impact your financial life significantly. The money you spend on extravagant lifestyles can be saved and invested in your future.

The Bottom Line

Endeavor to cultivate these good habits to have to become more successful as you journey through life. The quicker you cultivate them, the faster you achieve your goals.

More About Habits

Featured photo credit: Andrijana Bozic via unsplash.com

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