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The distinction between decision problems and decision opportunities is very important, but it is not recognized by most decision-makers. Decision problems are decisions that you must face as a result of others’ decisions and/or circumstances beyond your control. Decision opportunities, as I define them, are decisions that you create for yourself. You must reactively solve decision problems, but you can proactively pursue decision opportunities. When a decision problem occurs, it degrades one aspect of your quality of life. Therefore, the purpose of solving a decision problem is to get your quality of life back to where it was before the decision problem occurred. A thought about something that would make your quality of life today better is what stimulates the recognition of the decision opportunity. Pursuing it directly enhances the quality of your life. In addition, it often lowers the chances of certain unwanted decision problems occurring in the future and reduces the extent of the downgrading of your quality of life if they do occur. Guidelines for creating desirable decision opportunities are provided and illustrated with examples.
The best way to improve your quality of life is through the decisions you make. This book teaches several fundamental decision-making skills, provides numerous applications and examples, and ultimately nudges you toward smarter decisions. These nudges frame more desirable decisions for you to face by identifying the objectives for your decisions and generating superior alternatives to those initially considered. All of the nudges are based on psychology and behavioral economics research and are accessible to all readers. The new concept of a decision opportunity is introduced, which involves creating a decision that you desire to face. Solving a decision opportunity improves your life, whereas resolving a decision problem only restores the quality of your life to that before the decision problem occurred. We all can improve our decision-making and reap the better quality of life that results. This book shows you how.
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