Paradox of Choice

Why more is less

Average vote of 67
| 6 total contributions of which 6 reviews , 0 quotes , 0 images , 0 notes , 0 video
Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions -- both big and small -- have become increasingly complex due to th ...Continua
Ha scritto il 03/01/14
Prospect theory explains our loss aversion. Also bear in mind the cumulative burden of opportunity cost reduces satisfaction. Example: shoppers who saw larger display are less likely to buy. Somehow we could be more satisfied with less regret, seek f...Continua
dv (moving to...
Ha scritto il 31/08/11

Useful resource on decision making.

Adaline Lau
Ha scritto il 10/04/11

Now I know why trying to consider 'all options' will drive you to insanity.

Ha scritto il 17/09/09
Too singular

One idea, which is quite good, last too long without really giving any twist to it

Ha scritto il 07/09/07
How to cope with mass cosumerism
What to do about choice?Prioritize, prioritize, prioritize! Ask what is truly important to you and your life. 1. Choose when to choose2. Be a chooser, not a picker3. Satisfice more and maximize less4. Think about the opportunity costs of opportunity...Continua

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