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Sendhil Mullainathan Thinks Messing Around Is the Best Use of Your Time (Update)

People I (Mostly) Admire

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Opting for Delayed Decisions and the 'Tomorrow' Bias

Delaying decisions often stems from the belief that tomorrow will bring new opportunities or motivations to change one's situation. This mindset leads to a bias where individuals continuously postpone choices, rationalizing that waiting incurs minimal cost. The introduction of an option to defer decisions can create a false sense of security, allowing individuals to avoid immediate challenges by hoping for better circumstances in the future. This mentality not only affects personal career choices, like contemplating job changes, but extends to evaluating ongoing commitments, such as ineffective employees. A practical heuristic emerges from recognizing that 'tomorrow is often a repeat of yesterday,' prompting individuals to critically assess whether repeated chances truly yield different outcomes. Embracing this perspective helps clarify decision-making by cutting through unnecessary complexities and encourages individuals to prioritize actionable tasks today rather than deferring them for an uncertain future payoff.

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