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    Things to Think About
    Things to Think About
    Things to Think About
    Ebook133 pages1 hour

    Things to Think About

    By KAILASHI SHANTA SHARMA

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    About this ebook

    Are you rational? Do you always make the best decisions for yourself and others? Do you know why you do, what you do? If you answer yes to these questions, you might be surprised to learn that you're not as rational as you think. You may be irrational in many ways without even realizing it. We make decisions based on past events, beliefs, experiences, personal biases, and inclinations. There is a very thin layer between our logical and illogical decisions, which is necessary to understand. We think something, we say something, we understand something, we explain something and finally, we do something else.

    It is not that this happens only with us alone, but it is important to be cautious in all the decisions being taken at the individual or group level, personal or social level, economic or political level, and national and international level.

    In this book, you will learn how irrational and rational decisions shape our thought processes and behavior, and how they affect various aspects of our lives such as; choices, emotions, self-control, beliefs, investment decisions, impressions, reactions, skills, etc. You'll also learn about common cognitive biases and misconceptions that lead us astray, and how to overcome them with analytical thinking and self-awareness.

    Things to Think About Irrationally Rational Human Behaviour is a fascinating and insightful book that will challenge your assumptions, expand your horizons, and help you to think rationally amidst irrational thought processes.

    Are you rational? Do you always make the best decisions for yourself and others? Do you know why you do, what you do? If you answer yes to these questions, you might be surprised to learn that you're not as rational as you think. You may be irrational in many ways without even realizing it. We make decisions based on past events, beliefs, experiences, personal biases, and inclinations. There is a very thin layer between our logical and illogical decisions, which is necessary to understand. We think something, we say something, we understand something, we explain something and finally, we do something else.

    It is not that this happens only with us alone, but it is important to be cautious in all the decisions being taken at the individual or group level, personal or social level, economic or political level, and national and international level.

    In this book, you will learn how irrational and rational decisions shape our thought processes and behavior, and how they affect various aspects of our lives such as; choices, emotions, self-control, beliefs, investment decisions, impressions, reactions, skills, etc. You'll also learn about common cognitive biases and misconceptions that lead us astray, and how to overcome them with analytical thinking and self-awareness.

    Things to Think About Irrationally Rational Human Behaviour is a fascinating and insightful book that will challenge your assumptions, expand your horizons, and help you to think rationally amidst irrational thought processes.

    LanguageEnglish
    PublisherKAILASHI GLOBAL PUBLICATIONS, BHARAT
    Release dateMay 23, 2024
    ISBN9798223693116
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      Book preview

      Things to Think About - KAILASHI SHANTA SHARMA

      Prologue

      Are you rational? Do you always make the best decisions for yourself and others? Do you know why you do, what you do? If you answer yes to these questions, you might be surprised to learn that you're not as rational as you think. You may be irrational in many ways without even realizing it. We make decisions based on past events, beliefs, experiences, personal biases, and inclinations. There is a very thin layer between our logical and illogical decisions, which is necessary to understand. We think something, we say something, we understand something, we explain something and finally, we do something else.

      It is not that this happens only with us alone, but it is important to be cautious in all the decisions being taken at the individual or group level, personal or social level, economic or political level, and national and international level.

      In this book, you will learn how irrational and rational decisions shape our thought processes and behavior, and how they affect various aspects of our lives such as; choices, emotions, self-control, beliefs, investment decisions, impressions, reactions, skills, etc. You'll also learn about common cognitive biases and misconceptions that lead us astray, and how to overcome them with analytical thinking and self-awareness.

      Things to Think About Irrationally Rational Human Behaviour is a fascinating and insightful book that will challenge your assumptions, expand your horizons, and help you to think rationally amidst irrational thought processes.

      Foreword

      We live in an age of an abundance of goods, services, and information. Now, due to globalization, we have many options available to us to consume goods and services. Therefore, our information sources and the tools to quickly collect and analyze available information and options are also provided by the system (advancement of the information age).

      The human brain is one of the best minds ever, it never worries about scarcity or abundance, it just works accordingly. Filtering out the right options (goods, services, information, etc.) is challenging due to abundance. There is always a danger of establishing a mechanical belief system. Machines are not human; they work on input-output. Whatever is fed will appear in a modified manner. But the human brain is different it works on input-(perceptions-beliefs-values-time-situation-environment——etc)-output. That's why we take sufficient time to analyse the available options. Sometimes, we have to make quick decisions without considering all the available options.

      The most challenging aspect of the Age of Abundance is that it is not real. For example, in the case of information, we think that we have a lot of information available to us or we can collect and analyze them. But in actual terms, most of the information available is not true. Our condition is like that of a thirsty man in the sea who cannot drink water because the water is salty. Similarly, there is a lot of information available but it is almost impossible to filter it and then use it. Because the information available nowadays is not pure most of the time it is being produced to influence customers. We must always be mindful that in an age of abundance, we are in an artificially designed market, where the sole purpose is to create demand for everything.

      Don't worry if your decisions are not logical according to others, because there is neither right nor wrong. It's not that you didn't make rational decisions, it's that you didn't have the courage or time to rationalize them. Every decision is irrationally rational. What appears right now will appear wrong after some time, because we are all caught in the web of time-circumstances. there is nothing to worry about; The government also fails to make decisions and gets trapped in the trap of time and circumstances. It has all the information and analytical tools available to make the right decision but it fails. A few decades ago, population aging was a global issue, especially in developing countries, but now the picture is different. Now developed countries are struggling with decreasing population. Time and situation always influence the seriousness of our decisions because, without the constraints of time and situation, no decision is right or wrong. Therefore, there is a need to understand the role of time and situation in decision-making.

      Time and situation play an important role in decision making by shaping the context, constraints, and pressures that influence the available options and their potential outcomes. Here's how each factor affects the process:

      Decision Making Time

      Urgency-The amount of time available often determines the urgency of a decision. Limited time may force quick decisions, possibly relying on intuition or guesswork, whereas ample time allows for more thorough analysis and deliberation.

      Timing- The timing of a decision can affect its outcomes. Decisions taken at different times may have different consequences due to different external factors. For example, market conditions, seasonal changes, or organizational cycles can all affect the effectiveness of a decision.

      Temporal dynamics- Over time, the relevance and accuracy of information may change. Decisions based on outdated or not-so-current information may not yield the best results. It is important to regularly update data and reevaluate decisions in light of new information.

      Decision Making Situation

      Context- The specific circumstances surrounding a decision, such as the organizational environment, cultural factors, and the specific problem at hand, deeply influence the decision-making process. Context determines the applicability of certain strategies and solutions.

      Stakeholders- Different situations involve different stakeholders, each with their own interests and influences. Recognizing and managing stakeholder expectations and power dynamics is essential for effective decision making.

      Resources- Availability of resources (time, money, personnel, information) varies according to different situations. Resource constraints may limit options and necessitate prioritization or compromise.

      Risk and uncertainty- Situational factors often include elements of risk and uncertainty. It is important to assess the level of risk and degree of uncertainty in choosing among options. Different situations require different risk management strategies.

      External factors- Factors such as economic conditions, technological advancements, regulatory changes and competitive actions can influence the situation and, as a result, influence the decision-making process. It is important to be aware of and responsive to these external influences.

      Relationship Between Time and Situation

      The interplay between time and situation can further complicate decision making-

      Pressure and stress- High-pressure situations with tight deadlines can cause stress, which can impair cognitive functions and lead to less-than-optimal decisions.

      Flexibility and Adaptation- Requires adaptive decision making to situations that evolve over time. The flexibility to modify decisions as the context changes is critical to long-term success.

      Learning and Feedback- Time allows accumulation of experience and feedback, improving decision-making skills and strategies over time. In dynamic situations, continuous learning and adaptation are important.

      Practical Implications

      Decision-making models- Employing different decision-making models (such as rational, intuitive, or bounded rationality) depending on the time available and complexity of the situation.

      Scenario planning- Preparing for different scenarios by considering how time and situational changes may affect decisions.

      Prioritization- Focusing on important decisions that require immediate attention and postponing less urgent decisions when possible.

      In conclusion, it is essential to understand the role of time and situation in order to make effective decisions. Balancing these factors can lead to more informed, strategic, and adaptive choices.

      Examples

      Here are ten examples of decisions that may seem illogical at first glance, but often have rational explanations behind them.

      1. Buying insurance: It may seem illogical to pay for something you never want to use, but it is a rational decision to manage potential risks.

      2. Investing in the stock market: It may seem like a gamble due to the volatility, but it is a rational way to grow wealth in the long run.

      3. Buying expensive brand name products: While generic brands may offer similar quality,

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