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barry schwartz

Barry Schwartz #mustread on efficiency and why ‘too much of a good thing can be a very bad thing’

The term used to describe this approach to decision-making is satisficing. And satisficing with an eye toward a radically uncertain future might be called robust satisficing. Satisficing is a form of insurance – insurance against financial meltdowns, global pandemics, nasty bosses, boring teachers and crappy roommates. Insurance can seem stodgy – like the guy who wears a belt and suspenders. Perhaps we don’t need both, but what happens if we have neither?

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