Utility maximization problem
The Choice Paradox
The more choices you have, the less happy you are with your final choice.
More choices create more opportunity costs and thoughts of, "I wonder if...?"
To overcome:
Remember that there are infinite ways to achieve a goal, embrace the one you've chosen.
The more choices you have, the less happy you are with your final choice.
More choices create more opportunity costs and thoughts of, "I wonder if...?"
To overcome:
Remember that there are infinite ways to achieve a goal, embrace the one you've chosen.
Alex Brogan • Tweet
In The Paradox of Choice, the psychologist Barry Schwartz argues that infinite choice – whether of mutual funds, breakfast cereals or lovers – is exhausting to the human psyche and leads to greater dissatisfaction. When presented with too many choices, we are not only stunned, like a kid in the proverbial candy shop, but also less satisfied with
... See moreMia Levitin • The Future of Seduction
in mathematics there is a theory called “optimal stopping”, which lays out mathematically when you should make a choice when you have potentially infinite options but you cannot go back to a the current option if you discard it.
as the internet enables the illusion of infinite, it paralyzes groups of people at... See more
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