Waking Up 30

#07: Satisficing vs. Maximizing

23 min · 27. feb. 2017
episode #07: Satisficing vs. Maximizing cover

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Carter and Andrew talk about how to make decisions without losing their mind. * Are you a satisficer or a maximizer? [http://gretchenrubin.com/happiness_project/2006/06/are_you_a_satis/] - avoiding decision paralysis * How Carter and Andrew use satisficing: establish key parameters beforehand and then quickly chose an option that meets those parameters * The “Prateo” or 80/20 principle [https://en.wikipedia.org/wiki/Pareto_principle] - getting the most value for the least effort * The Paradox of choice [http://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice/transcript?language=en] - more options do not necessarily mean better outcomes * “Fail forward quickly” - one of Carter’s favorite quotes for living

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