When making a big decision, you never have a shortage of emotions. We often become irrational dealing with strong emotion, and when it’s crunch time we make dumb moves . It leads me to ask, are people generally wired the same? If they are, isn’t it just a big equation to make your decisions 100% rational?
There’s an incredible opportunity for anyone who resists making irrational choices. But, that’s sort of bullshit, everyone knows that making an irrational choice is stupid, you just don’t know when your doing it, or can’t control it. Even if you did know, executing intelligently through your emotions, habits and bias is awfully tough.
Here are three things people often don’t see, maybe it can help you spot the trend within yourself.
3 Rational Points
- Everyone generalizes wildly from his/her own experience.
- Everyone is overly influenced by recent performance.
- Everyone is biased with what they see and what they think they see.
1 – Your experience differs WILDLY from mine. People always think that their experience is typical when it really isn’t. By definition you’re bound to have an average experience, but that doesn’t mean that your experience follows a similar pattern as anyone else, even though the outcome is similar, or average.
2 – What an entity has done lately is not necessarily what they will do next, or ever again. There are the flash in the pan’s and there are the rocks, consistent as ever. Learn to spot the difference. How? Learn the questions to ask and what data to seek so you can differentiate between the two.
3 – The human mind play’s tricks on itself, often times seeing what it wants, so it can complete an unfinished story (the one YOU WANT to tell yourself). Every trick your mind plays is a financial opportunity for someone who can see through the illusion to the reality. Facts become subjective to fit the picture you want them to paint, this is dangerous!
Ok, that’s swell – but what the hell have I given that’s useful? Not a whole lot, just a big picture idea. The benefits of rationality, in irrational situations can be game changing. You require specific data for each instance so I can’t really break it down other then to say, look to the past, find the success and map out what made a winner, then see if you can recreate the scenario.
If knowledge is a missing part of the equation, read books.
Your going to fail, but I guarantee there are HUGE wins to be had, regardless of the vertical. Until you find the win, and between wins, work your ass off and put in more effort to being better then those around you. Even if you make stupid, irrational mistakes you’ll recover and overcome faster than anyone else.
How can you apply these three big picture principles? Help me take this big picture, generalized idea further by leaving your opinions below!
