Bad decisions: Why do people make poor choices

We all try doing our best while making decisions, but sometimes it goes awfully wrong.

While everyone tries to keep their best interests in mind, you still can fail.

But why does it happen?

Lack of information

When people lack the necessary information or have incomplete or incorrect information, they may make poor choices based on faulty assumptions or incomplete understanding of the situation.

Emotional influence

Emotions can significantly impact decision-making. 

When individuals are in highly emotional states such as anger, fear, or excitement, their judgment may be clouded, leading to impulsive or irrational decisions. 

Cognitive biases

Biases such as confirmation bias (favoring information that confirms pre-existing beliefs) or availability bias (overestimating the importance of easily recalled information) can lead to flawed decision-making.

Limited perspective

People may fail to consider alternative options, overlook important factors, or underestimate the potential consequences of their choices. 

Lack of self-control

When individuals prioritize short-term gratification over long-term benefits, they may engage in behaviors that are detrimental to their well-being, such as indulging in unhealthy habits or engaging in impulsive spending.
 

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• 2 June 2023

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