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The Paradox of Smart Money Decisions

We waste time on small inconsequential ones and speed through important ones.

The Paradox of Smart Money Decisions [Humble Dollar] – “The larger concern, in Fredkin’s view, is how consumers approach bigger, more consequential decisions, where the outcome can have a material impact. Because these larger questions are harder to answer—and thus require more mental energy—Fredkin found that people tend to spend less time than they should on them. In many cases, for example, we might procrastinate on a decision because it’s complicated or feels like a black box.”