Lesson 32: What Affects Your Decisions

Critical Thinking in Action Section 4: Decison Making Secrets
3 minutes
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Transcript

What affects your Decisions, decisions come in all shapes, sizes and degrees of difficulties. On the two ends of the spectrum, there are simple and complex decisions. And there are also complex decisions in between. Simple decisions include such things as where to eat, what to wear, what movies to go see and more. complex and life changing decisions include where to live, where to work, whether to go back to school, whether to start a business, and more. Most decisions, especially important ones are affected by money, stress, time, facts, data resources, and of course, our feelings and emotions.

Although these factors may seem obvious to some at first glance, it is the proper management of these critical areas that the exceptional decision makers are great at. The people who don't manage these factors effectively pay a high price with bad decisions. Let's dig a bit deeper. First of all money, it governs what we canon can't afford. For example, if you want a $50,000 car but can only afford a $20,000 vehicle, then you will only look for cars in that price range, or you must be willing to readjust or violate your budget time. Sometimes there will be adequate time to make a good decision, and other times it will be limited, you won't be able to think about and investigate aspects of your decision as much as you might like to.

In these cases, you must depend on your current knowledge, experience schooling, reasoning, intuition, common sense and confidence. Stress is a huge factor in effective decision making internal or external pressures can play havoc on making solid decisions. stress levels are frequently proportional to the importance of a decision. The more important the decision, the higher the stress levels. Not only that, as the time to make a decision decreases, this trust levels usually increase facts, data and resources. There are vast information resources available today.

Although we are in the information overload age, there are plenty of tools, techniques and methods to research fast and effectively. feelings and emotions. Beyond the other factors such as money and stress, feelings and emotions have a great deal to do with our decisions. spicing feelings and emotions properly in the decision making takes much skill. A huge mistake that many people make is to allow their feelings and emotions to control their actions without managing the other factors effectively. That is where a great many bad decisions are made.

The flip side of the coin. the ironic thing about great decision making is that the key factors which can be challenges turn into key benefits when good decisions are made. nature works in mysterious ways. Great decisions frequently lead to more money being made or less money being spent. Excellent decisions also lead to time save stress relief and greater feelings and emotions about your decision making. In other words, once a decision is made, you have put it behind you, if you made a well thought out decision then the pressures that were caused by stress, time constraints and so forth melt away, they are replaced with a sense of well being and confidence and there may be other benefits such as money saved and more.

On the other hand, if the factors noted are not taken into account during important decision making, they can frequently lead to problems and sometimes they are long term such as higher cost, more time spent, and high anxiety commonly known as the cold sweats. later in this course, we are addressed techniques to improve your decision making by exploring ways to reduce stress, managing time constraints, addressing feelings and emotions and more

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