Showing posts with label Pros and Cons. Show all posts
Showing posts with label Pros and Cons. Show all posts

January 18, 2019

Struggling With Some Decisions

So I've been helping some family members with some really big decisions lately. 

As we all know, there are pros and cons to every alternative. 

I remember how you can diagram decisions out like the branches of a tree with probabilities for each branch to try and get to the highest value decision. 

The problem is we don't know everything that may happen down the road or even know the probabilities for each possibility--or as they say:
We don't know what we don't know.  

So it's hard to make a great decision and not second guess yourself.
Well, what if...

You can "what if" yourself to sleepless nights and death and never decide or do anything meaningful. 

We have to make the best decisions we can usually with limited information. 

Using gut or intuition is not a solution either--those can end up being very wrong especially when we let our raw emotions dictate. 

So I do not take decision-making for myself or helping others lightly, especially my family. 

I want to protect them and help them make good decisions that will bear fruit and joy down the road. 

I definitely don't want to waste everyones time and efforts and lead them or myself down a dead end or worse off of a cliff.

In the end, we have to turn to G-d and whisper:
Oh G-d, please help us to make the right decisions, because only you know what the results will be from it. 

And so, I am definitely whispering!

At the same time, we need to move forward and not let fear and doubt get in our way of living. 

Yes, we have to be prudent and take calculated risks (everything worthwhile is a risk), but also, we have to look at the potential rewards and the costs for these (every decision is an investment of time and resources) and then just try our best. ;-)

(Source Photo: Andy Blumenthal)
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March 4, 2013

Seasaw, Yeah It's For Kids


There is an interesting new crowdsourcing application called Seesaw.

And like a seesaw goes up and down, you can take a picture and crowdsource decisions--thumbs up or down for what you should do.

Food, clothes, movies, more--I could imagine people even going so far as to use this for dating--Go out with them or not? Keep 'em or dump 'em?

While the possibility of having others chime in on your everyday life decisions is somewhat intriguing, social and fun...it also seems a little shallow and superficial.

Do you really need to ask your friends about everything you do or can you make simple day-to-day decisions yourself?

And when it comes to big decisions, perhaps you need more than a picture with a thumbs up or down to give the decision context, evaluate pros and cons, think through complex issues, and make a truly thoughtful decision--perhaps some genuine dialogue would be helpful here? 

Finally, many decisions in life come at the spur of a moment--should I or shouldn't I--and you don't have the benefit of saying hold on "let me take a picture and get some of my friends opinions on this"--life waits for no one and timing is often everything!

It is good to get other people's opinions (i.e. the proverbial "second opinion") as well as to do what my father used to tell me which is to "sleep on it," because things look different over night and in the morning.

But while you should consider what others think--in a meaningful way--in the end, you need to trust your inner self and take responsibility for your own decisions. ;-)

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December 8, 2012

Go Safe or Go For It?


In_it_to_win_it
I came away with some thoughts on risk taking watching this scene from the movie "Lies and Alibis."

The girl says: "Simple is boring."
The guy answers: "Boring is safe."
The girl responds: "Safe is for old people."

(Note: nothing personal here to the elderly. Also, hope I didn't get the who said which thing wrong, but the point is the same.)

Take-a-way: Very often in life we aren't sure whether to take a risk or not. Is it worth it or is it reckless? And we have to weigh the pros and cons, carefully!

- We have to ask ourselves, where's the risk and where's the reward?

We have to decide whether we want to try something new and accept the potential risk or stay stable and go safe with the status quo that we already know.

At times, staying with a bad status quo can be the more risky proposition and change the safer option--so it all depends on the situation. 

- We also have to look at our capabilities to take chances: 

For example, in terms of age appropriateness--it can be argued that younger people can take more risk, because they have more time to recover in life, should the situation go bad. 

At the same time, older people may have more of a foundation (financial savings, built-up experience and education, and a life-long reputation) to take more chances--they have a cushion to fall back on, if necessary. 

- In the end, we have to know our own level of risk tolerance and have a sense of clarity as to what we are looking for and the value of it, as well as the odds for success and failure.

It's a very personal calculation and the rewards or losses are yours for the taking. Make sure you are ready to accept them!

Finally--always, always, always have a plan B. ;-)

(Source Photo: Andy Blumenthal)

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