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.
A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal.
Dr. David Lowemann, M.Sc, Ph.D., is a co-founder of the Institute for the Future of Human Potential, where he leads the charge in pioneering Self-Enhancement Science for the Success of Society. With a keen interest in exploring the untapped potential of the human mind, Dr. Lowemann has dedicated his career to pushing the boundaries of human capabilities and understanding.
Armed with a Master of Science degree and a Ph.D. in his field, Dr. Lowemann has consistently been at the forefront of research and innovation, delving into ways to optimize human performance, cognition, and overall well-being. His work at the Institute revolves around a profound commitment to harnessing cutting-edge science and technology to help individuals lead more fulfilling and intelligent lives.
Dr. Lowemann’s influence extends to the educational platform BetterSmarter.me, where he shares his insights, findings, and personal development strategies with a broader audience. His ongoing mission is shaping the way we perceive and leverage the vast capacities of the human mind, offering invaluable contributions to society’s overall success and collective well-being.