Satisficing vs. Maximizing

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The advice from a PhD psychologist who has studied decision making suggests that when making decisions, we should choose to satisfy instead of maximize. People are either satisfying or maximizing in their decision-making process. Maximizing involves deeply analyzing every option to make the best possible decision, while satisficing means settling for a decision that is good enough. The psychologist states that people who satisfy feel better about their decisions psychologically, as our brains tend to prefer making a decision and sticking with it, rather than constantly seeking the best possible outcome.

#109: Writer and entrepreneur Derek Sivers joins Chris to discuss decision-making, having meaningful experiences, personal happiness, journaling, saying no, and parenting. They also touch on the subject of traveling with children and aligning your actions and personal values to achieve goals in life

Derek Sivers (@sivers) is an entrepreneur, writer, musician, and self-proclaimed "slow thinker" who has optimized his life for creating and learning. He founded CD Baby, an online platform that helped independent musicians sell their music directly to fans, and has published several books, including Hell Yeah or No.

Full show notes: https://allthehacks.com/decision-making-derek-sivers

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Resources Mentioned

Derek Sivers: Website | Twitter

Book: Hell Yeah or No: what's worth doing

Articles: My Heroes | Actions, Not Words, Reveal Our Real Values | Parenting: Who Is It Really For? | Travel Is Best With Young Children | Relax for the Same Result

Books Mentioned: The Paradox of Choice | Brain Rules for Baby

New Zealand Recommendation: Staglands Wildlife Reserve

Full Show Notes

(02:02) Pursuing Change Through Exploration

(03:54) Turning Intentions into Reality

(09:05) Reflecting on What You Want and Why

(11:22) Learning to Pause, Reflect, and Push Back Through Journaling

(19:06) Methods for Decision-Making

(22:20) Analysis Paralysis: Making Decisions When There Are Too Many Options

(29:51) Coin Toss: Noticing Your Feelings While the Coin Is in the Air

(32:06) Paradox of Choice: Satisfice Not Maximize

(40:19) Theory vs. Practice

(43:50) Living with the Culmination of Your Decisions

(47:30) Decision-Making Based on Personal Goals and Aspirations

(51:13) Actions Reveal Values

(55:29) Choosing the Correct Decision-Making Strategy for Your Situation

(58:15) Prioritizing Family

(1:00:31) Saying No

(1:06:49) Parenting Perspective

(1:10:18) Traveling with Children

(1:18:03) Adjusting Expectations and Being Open to Unexpected Encounters

(1:26:13) “Relax for the Same Result”

(1:37:15) Derek Sivers’ New Zealand Recommendations

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