How do you avoid decision fatigue? Strategies used by George Baxter, JD, CFA include limiting his decisions outside of his professional life as a hedge fund manager, thereby fighting the chances of becoming fatigued. For example, you can follow others leads in ordering food. Make use of automated strategies and use default rules to make decisions. This will help you to reduce decision fatigue. Humans make multiple decisions in a day, excessive numbers of options can also result in anticipated regret from not picking one choice over the other and can result in exhaustion. More choices can lead to the best investing outcomes...or so it would seem. Making too many decisions is not a positive strategy and can cause mental exhaustion. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
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Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Business Expert Press
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