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Fast & Slow ways of decision making

manishmagic4

Every day, we decide. The earlier goal was to determine as early as possible. Not to procrastinate. Just by creating these 2 categories of decisions, it became more effective.

Fast way of decision making

Use the fast way of decision-making whenever the decision cost is low or the rework cost is low. If the decision is wrong, the time to recovery is less. Even you can think of a return policy. Anything which doesn’t impact your life uses a fast way of decision making.


Example 1: Purchasing vegetables, groceries

Example 2: Regular wear clothes purchase

Slow way of decision making

Whenever the decision cost is high or the rework time is high or any significant changes in your life, take a slow decision. Give it time and write it down. Use the 6-thinking hat method to collect multiple data points to decide.


Example 1: Deciding career, getting married to.

Example 2: Buying a new house

Use both the ways in an effective manner & for the appropriate decision use the right way.
 
 

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