The Daily Decision-11-Shortcuts, Heuristics

Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision

because you want to make better decisions.

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DD-11 Daily Decision by Dr. Z Podcasts
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Today is the ELEVENTH episode of The Daily Decision

In the last episode, we talked about biases and that knowing about them helps us recognize blind spots, avoid traps, and make better decisions.

Today the topic is “heuristics.”

What’s that?

Heuristics are mental shortcuts to make decisions. They may work much of the time, but they don’t work all of the time.

Heuristics comes from ancient Greek which means “to find” or to “discover.”

A rule of thumb or educated guess are examples of using a heuristic to make a quick decision that has the practical effect of solving a problem quickly but may not solve a problem for a longer duration.

An example rule of thumb is that 20% of the input creates 80% of the result.

While this observation may be useful, over relying on this heuristic can limit your best decisions.

What heuristics do you use in your own life? How far do they take you?

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 As always, Happy Deciding.

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