How We Decide turns our attention to what are brains are doing when we are making a decision. How when we go with our gut, our brains seamlessly provide the excuses for our decision, and how often times our emotions know the answer to a tough problem before our brains have picked up on the reasoning.
- In the long run, randomly selected stock portfolios will beat experts and computer models and the best strategy is to pick a low-cost index fund and wait. Do nothing.
- Don't think about the technical aspects of doing what you already know how to do (think playing the piano or playing golf)
- Too much information in many situations hampers decision making. Our attention cannot focus on what is important to us and may make decisions on things that SOUND important.
- Watch out for back surgery. Most patients get better on their own.
- Neurons mirror the movements of other people. If you see someone else smile, then your mirror neurons will light up s if you were smiling. Isn't that nice?
- Just looking at a fancy or expensive item without the intent to buy, makes you primed to buy something less expensive. Window shopping is DANGEROUS.
- Political pundits are more often wrong than those that don't claim to be experts. (thank goodness!)
Things I am going to keep in mind: I'm going to try to think LESS about the decisions that are very important to me, since my emotions can handle those and I'm going to think MORE [rationally] about the small decisions that don't mean as much to me. We have to make decisions without all the information and Lehrer advises to always remind ourselves of what we don't know. I'll let you know how it goes.
(My new favorite quote is now, "Fool me once, shame on you. Fool me twice, shame on my dopamine neurons." Hee hee! You see.... it's FUNNY.)