Learn about outsourcing decision making in day-to-day life, including low stakes decisions. Discover unconventional methods such as using a watch's little hand. Explore the advantages of delegating decision making to a trusted group of experts and the positive impact it can have on your life. Find out how the speaker enjoys advising others and connect with them on social media.
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Quick takeaways
Outsourcing decision-making for low stakes and no stakes decisions can make life easier and lead to new discoveries and happiness.
Enlisting the help of trusted friends or experts for low stakes decisions can make decision-making easier and lead to happier outcomes.
Deep dives
Outsourcing Decision Making
One of the key insights discussed in the podcast is the power of outsourcing decision making. The speaker explains that there are three types of decisions: high stakes, low stakes, and no stakes. High stakes decisions like marriage or career choices cannot be outsourced, but low stakes and no stakes decisions can be. For no stakes decisions, the speaker suggests using a watch or phone to randomly choose between two options. This strategy has been successful for the speaker who has never gone against what the watch or phone suggested. For low stakes decisions, the speaker recommends outsourcing to trusted friends or experts, accessing their knowledge and experience to make informed choices. This strategy has made the speaker's life easier and has brought new discoveries and happiness.
Outsourcing No Stakes Decisions
The podcast discusses outsourcing no stakes decisions, which are decisions that won't be remembered in a few days. The speaker shares a personal strategy of using a watch or phone to randomly choose between two options. For example, the speaker used this technique to decide whether to go to the gym or the library in college. The speaker emphasizes that it has become a tool used on a daily basis for decisions like what to have for lunch, whether to take a nap or go for a run. The speaker advises against using this strategy for serious life decisions, but emphasizes that it can make life easier for less significant choices.
Outsourcing Low Stakes Decisions
The podcast highlights the importance of outsourcing low stakes decisions, which require some thought but won't significantly impact one's life. The speaker suggests enlisting the help of a trusted squad of friends or experts who have knowledge or passion in specific areas. For example, the speaker sought advice on fashion choices by going shopping with a friend who works in the fashion industry. Similarly, the speaker asked another friend for recommendations on clothing or travel choices. By seeking input from others, the speaker has found that decision-making has become easier, freeing up time and leading to happier outcomes. The speaker also mentions that there are decisions, like writing, that are personal and should not be outsourced.