Understanding human decision-making: Exploring why we settle for ‘good enough’

Imagine you’re at a buffet, and you have the option to try every single dish. Sounds amazing, right? Well, here’s the thing. According to a new theory of economic decision-making, humans often choose what is simply adequate instead of going for the optimal choice. It’s like filling up your plate with a variety of delicious meals instead of going back for that one dish you know you really want. But why do we do this? The theory suggests that our brains prioritize efficiency over perfection. We tend to make quick decisions that require less effort and cognitive load, even if it means settling for ‘good enough.’ So next time you find yourself making a decision, consider whether you’re settling for mediocrity or striving for excellence. And if you’re curious to explore more about this fascinating theory, dive into the research and discover the intricate workings of human decision-making.