Connect with us

Success Advice

The Framework to Making Better Decisions in Your Life

Published

on

Image Credit: Unsplash

The average person makes over 35,000 choices a day, leading to exhaustion and often questionable choices. These begin as soon as you wake up when you decide to hit snooze, then when you decide if you’ll pack a lunch or grab something to-go.

Of course, our daily decisions aren’t always so simple. Choices on who will be the best fit to lead an upcoming project or if your family should move to a new city, take a lot of consideration, research, and time out of your day. Each of these choices has specific conditions and requirements that can make it hard to come to a solid conclusion, but these same criteria also help you best evaluate your choices.

“Your life changes the moment you make a new, congruent, and committed decision.” – Tony Robbins

This is where decision-making frameworks come into play. There are three key models you can use to help you make decisions:

  • The Rational Decision-Making Model is best for high-stakes and financial choices. 
  • The Bounded Rationality Model aims to satisfy a problem when you have limited resources or information. 
  • The Vroom-Yetton Model helps you determine which of the other 2 decision-making models is best for your situation. 

Learn more from CouponChief about these frameworks and other tips to help you make great decisions for your personal life, career, and finances below.

Decision-making-frameworks

Briana Marvell is a content creator from Austin with interests in finance and career development. When she’s not at her desk, you can find her hiking with her dog, Miko, or enjoying a good book.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

Simple Secrets to Building a Profit Pumping Freelance Business

Freelancing is a highly profitable venture, but its overwhelming nature tends to be daunting

Published

on

freelance success

Freelancing is a highly profitable venture, but its overwhelming nature tends to be daunting. To maximize profit, it’s important to adopt favorable mechanisms and workflow aids. You can increase your productivity to a significant level by staying true to your workflow. (more…)

Continue Reading

Success Advice

Here’s Why Your Digital Marketing Efforts Fail and What to Do About It

A key distinction between traditional and modern marketing is targeting.

Published

on

reasons digital marketing is failing

In a renowned anecdote, Albert Einstein is said to have given his graduating class the same exam paper two years in a row. His assistant, worried that the great scientist had made an error, alerted him. Einstein’s reply was simple: “Yes, it’s the identical test. But the answers have been altered.” (more…)

Continue Reading

Success Advice

8 Quick Strategies to Boost Your Email Survey Response Rates

Creating an effective survey invitation email is key to maximizing response rates and gathering the insights you need.

Published

on

How to boost email survey response rate

Creating an effective survey invitation email is key to maximizing response rates and gathering the insights you need. Whether it’s for customer feedback, market research, or employee satisfaction, the way you invite participants can significantly impact the success of your survey. (more…)

Continue Reading

Success Advice

Why Diversifying Your Portfolio Can Make You More Money and How to Do It

Diversification is key to keeping yourself protected in a highly volatile sector

Published

on

How to diversify your portfolio to save money

When you put your cash into the stock market, there is a 1-in-4 chance that you’ll lose money, regardless of the year. This can lead to significant loss, especially if you are still a beginner who does not know how to choose the right stocks. A change in the market can also lead to failure, despite how much care and thought you gave into choosing your investments. (more…)

Continue Reading

Trending