At a Victoria's Secret Pink store, Black Friday shopping became a contact sport, reports ABC. The hot item: Sherpa fleece hoodies, marked down from $90 to $35.
Rational decision-making abilities are at their weakest on Black Friday as retailers tend to play on two factors that influence customer choices — pride and regret. Research on decision-making has shown that fear of future regret influences our decision making.
All of us make decisions, particularly important ones, with incomplete information. And when there is time pressure, there is more urgency. All decisions are made in the moment, for the moment.
The truth is we can't know the outcomes of our decisions until after we commit. This is not a new issue but, too often, people seem to find themselves frozen on the trigger, unable to commit and choose. Decidophobia, the fear of making decisions, is a common disease.
What do you do when the facts of a decision tell you that you took the wrong road? When you have gotten, with the best of intentions, into a relationship, a new job, that turns out to be a bad deal, a fiasco?
Most of the time, we stubbornly try to ride out the storm. We pray that the tide will turn, we give it second chances, third chances, and even fourth chances. We tough it out for a while, sometimes a long while, because none of us likes to admit defeat. Yet the longer we fail to do what we know if right, the bigger the potential defeat.
Oxford don C.S. Lewis shared a piece of wisdom: "Don't keep pressing forward trying to prove you were right (a particularly male disease)." You promptly (and painfully) turn back and embark on the right road. That's just what I did. I have made some wrong hiring decisions. It was a painful blow to my overheated ego.
Even with all the data and research intel, there is no such thing as a "sure deal."
If you know you have made the wrong decision, don't persist forever in a state of denial. Fact the brutal facts. And if the facts prove that you're still on the wrong track, bite the bullet, pay the price, get out.
When the horse is dead, dismount.
Rational decision-making abilities are at their weakest on Black Friday as retailers tend to play on two factors that influence customer choices — pride and regret. Research on decision-making has shown that fear of future regret influences our decision making.
All of us make decisions, particularly important ones, with incomplete information. And when there is time pressure, there is more urgency. All decisions are made in the moment, for the moment.
The truth is we can't know the outcomes of our decisions until after we commit. This is not a new issue but, too often, people seem to find themselves frozen on the trigger, unable to commit and choose. Decidophobia, the fear of making decisions, is a common disease.
What do you do when the facts of a decision tell you that you took the wrong road? When you have gotten, with the best of intentions, into a relationship, a new job, that turns out to be a bad deal, a fiasco?
Most of the time, we stubbornly try to ride out the storm. We pray that the tide will turn, we give it second chances, third chances, and even fourth chances. We tough it out for a while, sometimes a long while, because none of us likes to admit defeat. Yet the longer we fail to do what we know if right, the bigger the potential defeat.
Oxford don C.S. Lewis shared a piece of wisdom: "Don't keep pressing forward trying to prove you were right (a particularly male disease)." You promptly (and painfully) turn back and embark on the right road. That's just what I did. I have made some wrong hiring decisions. It was a painful blow to my overheated ego.
Even with all the data and research intel, there is no such thing as a "sure deal."
If you know you have made the wrong decision, don't persist forever in a state of denial. Fact the brutal facts. And if the facts prove that you're still on the wrong track, bite the bullet, pay the price, get out.
When the horse is dead, dismount.
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