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We have a tendency to procrastinate on important decisions from "summary" of Predictably Rational? by Richard B. McKenzie
Procrastination is a universal human tendency that can be particularly destructive when it comes to making important decisions. When faced with a decision that requires careful consideration and potentially difficult trade-offs, we often find ourselves putting it off, hoping that the problem will somehow resolve itself or that a better decision will present itself in the future. This tendency to procrastinate on important decisions can have serious consequences, leading to missed opportunities, increased stress, and even long-term regret. One of the reasons we procrastinate on important decisions is that we are inherently risk-averse. We fear making the wrong choice and facing the potential negative consequences that may result. By delaying the decision, we can avoid immediate discomfort, even if it means sacrificing long-term benefits. This short-term thinking can be a major obstacle to making well-informed decisions that align with our goals and values. Another factor that contributes to our tendency to procrastinate on important decisions is the cognitive effort requir...
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