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How to make faster decisions
00:01
Youre probably familiar with FOMO.
00:03
[This guy invented the term]
00:04
Thats short for Fear Of Missing Out. Its that feeling you get when it seems everyone else is doing something better than what youre doing now. But theres another FO you need to know about, and its far more dangerous. Its called FOBO, and its short for Fear Of a Better Option.
00:19
[The Way We Work]
00:23
We live in a world of overwhelming choice. Even decisions that used to be simple, like choosing a restaurant or making everyday purchases, are now fraught with overanalysis. Technology has only made the issue more pronounced. If you want to buy a pair of white shoelaces online, you have to sort through thousands of items and read through hundreds of reviews. Thats an astounding amount of information to process to just buy two pieces of string that cost less than your morning latte.
00:48
Chances are youve experienced FOBO when youve struggled to choose just one from a group of perfectly acceptable outcomes. Its a symptom of a culture which sees value in collecting and preserving as many options as possible.
00:59
You might wonder why all of this is so bad. It seems counterintuitive. Shouldnt it be a privilege to have so many good options to choose from? The problem is, FOBO induces such severe analysis paralysis that it can negatively impact both your personal and professional life. When you cant make decisions with conviction, you waste precious time and energy.
01:17
Luckily, there is a way to overcome FOBO. Heres a secret. With any decision you make, you first have to determine the stakes, as this will inform your decision-making strategy. When it comes down to it, you only really face three types of decisions in life: high stakes, low stakes and no stakes.
01:32
Lets start with no-stakes decisions. These are the minor details of life, where there is almost never an incorrect answer, and in a few hours, you wont even remember m
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