Wednesday, September 21, 2011
How Should We Make Hard Decisions?
How Should We Make Hard Decisions? :#smart #thrifty #buy #decision We live in a world filled with difficult decisions. In fact, we’ve managed to turn even trivial choices – say, picking a toothpaste – into a tortured mental task, as the typical supermarket has more than 200 different dental cleaning options. Should I choose a toothpaste based on fluoride content? Do I need a whitener in my toothpaste? Is Crest different than Colgate? The end result is that the banal selection becomes cognitively demanding, as I have to assess dozens of alternatives and take an array of variables into account. And it’s not just toothpaste: The same thing has happened to nearly every consumption decision, from bottled water to blue jeans to stocks. There are no simple choices left – capitalism makes everything complicated.
at 7:19 PM