How probability thinking can help you make better decisions?

Life cycle of a decision: Big Vs Small

We sometimes face million dollar questions like,

Should I take Medicine or Engineering?
Should I marry Ambitious A or Docile D?
Should I take this ok job or wait for my dream job results to come back?
Should I quit my job to work on thisĀ  brilliant Startup idea or work to getting the onsite Job and promotion?

These are not similar to decisions like – Pizza or Burger ? or Western or Ethnic? In this case, you can have pizza one day and burger the other or have a small pizza plus a burger. The effects of the decision don’t last long enough to sweat over it.

However, in the first set the effect of decisions may last a very long time. A decision on a car last upto 5 years, an house upto 25-30 years, a career lasts for several decades, decision on a spouse for a lifetime. But we often think through the purchase of a car more thoroughly than choice of a spouse. Give the big decisions its due respect and think through them well. Continue reading How probability thinking can help you make better decisions?