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Decision-Making

Change Your Mindset by Taking Action

November 17, 2022 By Nagesh Belludi Leave a Comment

While it is helpful to be motivated and get into the right mindset to, say, exercise, it’s far easier to just show up at the gym and get started on a small quest, even when you don’t really feel like doing it. You’re likely to habituate to new behaviors in a way that circumvents your innate resistance to change.

Minor adjustments can add up and make a big difference. As Harvard psychologist Susan David writes in Emotional Agility: Get Unstuck, Embrace Change, and Thrive in Work and Life (2016,)

Traditional self-help tends to see change in terms of lofty goals and total transformation, but research actually supports the opposite view—that small, deliberate tweaks infused with your values can make a huge difference in your life. This is especially true when we tweak the routine and habitual parts of life, which then afford tremendous leverage for change.

Idea for Impact: Waiting for the right mindset to “show up” can be a losing strategy. Taking action is often easier than controlling your mental state. Don’t overly focus on the very thing that’s harder to control. Take the next baby step forward.

Wondering what to read next?

  1. Did School Turn You Into a Procrastinator?
  2. An Effective Question to Help Feel the Success Now
  3. Do Things Fast
  4. Big Shifts Start Small—One Change at a Time
  5. First Things First

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Decision-Making, Discipline, Getting Things Done, Goals, Motivation, Procrastination

Books in Brief: “Hell Yeah or No” Mental Model

November 15, 2022 By Nagesh Belludi Leave a Comment

American entrepreneur and blogger Derek Sivers popularized the “Hell Yeah or No” mental model (YouTube Synopsis): unless you’re super excited about something, don’t commit to it.

If you’re ready to say ‘yes’ to the things that aren’t that great, you won’t have time, energy, and focus for the “hell yeah” stuff in your life. Sivers has summed up,

We tend to say yes to too many things. And because of this, we’re spread too thin. We’re so busy doing average things that we don’t have time for the occasional great thing.

So instead I propose raising the bar as high as you can, so that if you’re feeling anything less than, “oh, hell yeah, that would be amazing,” then just say, no.

By doing this, you will miss out on many good things, but that’s okay because your time will be quite empty. So then by saying no to the merely good things, you’ll have the time and the energy and the space in your life to throw yourself in entirely when that occasional great thing comes up.

Recommendation: Read this insight-dense book. The “Hell Yeah or No” mental model will reframe how you control impulses and consider life’s big decisions.

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Filed Under: Mental Models, Sharpening Your Skills Tagged With: Assertiveness, Clutter, Decision-Making, Discipline, Negotiation, Persuasion, Wisdom

Are You Ill-Prepared for Being Wrong?

October 31, 2022 By Nagesh Belludi Leave a Comment

We spend so much of our lives being right that, I wonder if, we’re ill-prepared for being wrong.

Since childhood, we’ve been inured that being right is more acceptable than being wrong. Being wrong feels so unpleasant—repulsive even—that we instill a series of strategies to salvage ourselves when we are exposed as being wrong. We learn to trip from our forked tongues explanations, justifications, excuses, and blames for our errors and oversights.

What’s worse, we develop a deep-seated impulse to shirk responsibility and accountability for our actions. We become loath to change our beliefs or behaviors because change takes effort. We envisage change as a challenge to our identity. In the words of Amazon founder Jeff Bezos, “People who are right a lot listen a lot, and they change their mind a lot. They wake up and re-analyze things and change their mind. If you don’t change your mind frequently, you’re going to be wrong a lot. People who are right a lot want to disconfirm their fundamental biases.”

Idea for Impact: What’s lost in all this is that being wrong is not only a central feature of being human. It’s one of the most potent ways of learning. Admitting we were wrong—and conceding we’ll be wrong again—can be so liberating and welcoming.

Wondering what to read next?

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  3. How to Embrace Uncertainty and Leave Room for Doubt
  4. Situational Blindness, Fatal Consequences: Lessons from American Airlines 5342
  5. 3 Ways to … Avoid Overthinking

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Confidence, Critical Thinking, Decision-Making, Mindfulness, Wisdom

Never Take the First Offer

October 24, 2022 By Nagesh Belludi Leave a Comment

Gently push back, at least for one round. Especially if you’re a less-aggressive personality type and are programmed to answer ‘yes’ to the first reasonable offer someone makes.

People seldom offer the best they can offer right away because the first offer “anchors” the negotiation. They risk “showing their cards” and divulging some bargaining zones.

If you don’t push back even once, you’ll wind up with a less-than-optimal deal. A straightforward question such as “Can you do better than that?” will help you fend off the first offer politely without being a pushover.

If the counterparty says ‘no’ and you feel you can sustain the process for another round, inquire, “I’d like your help to learn why the first offer is the best you can do.” The key to being a better negotiator isn’t simply presenting your demands but asking detailed questions designed to better understand the other side’s interests.

If their answers make no sense, share your confusion. Offer a strong counteroffer based on your ideal intended outcome and your appraisal of the counterparty’s options and their “reserve price.”

Idea for Impact: Beware of the trap of saying ‘yes’ too quickly. You’ll get farther with a bit of polite persistence than quick surrender.

Wondering what to read next?

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  2. Competitive vs Cooperative Negotiation
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  4. Think Before You Commit: Say ‘Yes’ Slowly
  5. How to Make Others Feel They Owe You One: Reciprocity and Social Influence

Filed Under: Effective Communication, Mental Models Tagged With: Assertiveness, Conflict, Decision-Making, Likeability, Negotiation, Persuasion, Social Skills

3 Ways to … Avoid Overthinking

October 17, 2022 By Nagesh Belludi Leave a Comment

Overthinking and over-analyzing the causes and meaning of your thoughts can be tamed through greater self-awareness and mental disengagement.

  1. Set a time limit for your “thinking time,” then make yourself move on to something else or force your decision. Vent your worries to the world, but there’s a risk that you’ll end up even more confused if you keep asking everyone’s opinion. Most of the time, things aren’t as complicated as you perceive them.
  2. Pause and take a step back. Interrupt the thinking process or distract yourself by diverting your attention to something very different. Focused distraction can calm your mind and help you have a coherent view of the whole situation.
  3. Accept that uncertainty is part of this life, and you’ll never have all the facts or know what’s further down the road. Studies suggest we fear an unknown outcome more than a known bad one. Not everything you plan will work out, and that’s ok. It’s often better to set a clear course today and tackle problems that arise tomorrow.

Idea for Impact: Right-size your expectations. Overthinking comes from trying to control what you can’t control.

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  2. The “Ashtray in the Sky” Mental Model: Idiot-Proofing by Design
  3. Smart Folks are Most Susceptible to Overanalyzing and Overthinking
  4. Accidents Can Happen When You Least Expect Them: The Overconfidence Effect
  5. Presenting Facts Can Sometimes Backfire

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Assertiveness, Confidence, Conviction, Critical Thinking, Decision-Making, Thinking Tools, Wisdom

How to … Overcome the Tyranny of Your To-Do List

September 5, 2022 By Nagesh Belludi Leave a Comment

Long before management consultants made the humble 2×2 matrix their stock-in-trade, President Dwight D. Eisenhower used the format to create one of the most powerful productivity tools of the 20th century: take your itemized to-do list, and dichotomize all the items on their importance and urgency. Then, classify these on a 2×2 with urgency on the x-axis and importance on the y-axis. The items in each bucket warrant a different kind of response.

  • The urgent-and-important tasks in the ‘Do’ quadrant need doing now (e.g., call the fire brigade if your house is burning down.)
  • The urgent-but-not-important tasks in the ‘Delegate or Automate’ quadrant are best delegated where possible (think booking a hotel or clearing low-priority emails.)
  • The important-but-not-urgent tasks (strategic planning, training) in the ‘Schedule’ quadrant should take up most of your time. Eisenhower noted that truly vital yet immediate tasks are few and far between: “I have two kinds of problems, the urgent and the important. The urgent are not important, and the important are never urgent.” That means committing to doing the tasks you schedule. Being effective can’t happen if you keep kicking the can down the road.
  • The neither-important nor-urgent tasks in the ‘Eliminate’ quadrant are usually time-wasting activities and must be eliminated forthwith. They don’t move you towards achieving your goals.

De-prioritize Stuff You Shouldn’t Be Doing in the First Place

The Eisenhower Priority Matrix isn’t entirely ground-breaking. Still, it can help you recognize you can deliver yourself by knowing it’s okay not to complete them all, so long as you get the most vital ones done. The challenge lies in being able to determine what’s essential and what isn’t, as expounded tediously in Steven Covey’s First Things First (1994):

Urgent matters are those that require immediate action. These are the visible issues that pop up and demand your attention now. Often, urgent matters come with clear consequences for not completing these tasks. Urgent tasks are unavoidadable, but spending too much time putting out fires can produce a great deal of stress and could result in burnout.

Important matters, on the other hand, are those that contribute to long-term goals and life values. These items require planning and thoughtful action. When you focus on important matters you manage your time, energy, and attention rather than mindlessly expending these resources. What is important is subjective and depends on your own values and personal goals. No one else can define what is important for you.

The key to productivity is to be very selective in what you pick and execute your most important priorities. Be ready to delegate and be quick and not-to-perfection on as many things as possible. You really don’t need to give 110% on everything.

Idea for Impact: Use the Eisenhower Priority Matrix to Triage Your To-Do List

The Eisenhower method can be an indispensable weapon in your efficiency arsenal. Your life will never be the same when you internalize clarity of habits. Once you’ve been using the matrix for a while, you can realize a pattern of your own behavior. With some discipline, you can change your behaviors to ensure you’re spending more time on the ‘Schedule’ and ‘Do’ quadrants, improving your ability to plan your work.

Try taking a few minutes each day and analyze your task list. Are there things on there that you can delegate or eliminate? Are you genuinely focusing on the right tasks? It’s incredible how much more productive you can be with a bit of planning and forethought.

Wondering what to read next?

  1. Did School Turn You Into a Procrastinator?
  2. First Things First
  3. Ask This One Question Every Morning to Find Your Focus
  4. Don’t Do the Easiest Jobs First
  5. To-Do or Not To-Do?

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Decision-Making, Discipline, Efficiency, Goals, Procrastination, Task Management, Time Management

To Rejuvenate Your Brain, Give it a Break

August 25, 2022 By Nagesh Belludi Leave a Comment

Research suggests that once you hit a “plateau of productivity,” the number of hours you work without a break is inversely proportional to how much you’ll accomplish.

Even brief escapes such as a walk in nature or a run around the block can clear your head and rejuvenate the brain. Just leave the phone behind and seek novelty (e.g., noticing something new or taking different paths.) Engage your mind with the world instead of worrying about the work you’re supposedly taking a break from.

Downtime allows the brain to refresh the specific neural network you’ve been using, make new connections, and inspire you to fresh approaches to tasks.

Idea for Impact: Intermittent escapism can be valuable. It distracts the brain from useless worry, helps generate out-of-the-box ideas, and may even restore a sense of wonder.

Novelist Neil Gaiman said it better, “People talk about escapism as if it’s a bad thing… Once you’ve escaped and come back, the world is not the same as when you left it. You return to it with skills, weapons, and knowledge you didn’t have before. Then you are better equipped to deal with your current reality.”

Wondering what to read next?

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  3. Everything in Life Has an Opportunity Cost
  4. Make a Habit of Stepping Back from Work
  5. Zen in a Minute: Centering with Micro-Meditations

Filed Under: Health and Well-being, Sharpening Your Skills Tagged With: Balance, Decision-Making, Discipline, Mindfulness, Stress, Thought Process

The Loss Aversion Mental Model: A Case Study on Why People Think Spirit is a Horrible Airline

August 11, 2022 By Nagesh Belludi 1 Comment

When Spirit Airlines pivoted to competing on price in the late 2000s, it quickly gained a reputation not only for operational inefficiencies but also for its in-your-face, take-it-or-leave attitude towards customer service.

Where other airlines charged by-the-package fares for the flight experience, Spirit pared back service and introduced an a la carte pricing model. Charging for the “ancillaries”—i.e., everything optional, including water—allowed Spirit to keep ticket prices down and appeal to price-sensitive travelers willing to sacrifice the usual amenities for a lower ticket price.

In the ensuing years, the unconventionality of this business model did not go down well with customers. Much of the flying public’s frustration with Spirit had to do with Loss Aversion. That’s the notion that the emotional disappointment of a loss is more extreme than the joy of a comparable gain. If finding a cheaper fare on Spirit felt delightful, giving up some—or all—of the savings to purchase ancillaries and surrender the savings felt utterly miserable.

Passengers felt ripped off by these seemingly hidden fees, especially when the true cost of flying Spirit ended up greater than what the initial ticket price led them to believe.

Spirit became quickly convinced that there was a perception problem—its customers didn’t fully understand how its fares work. Particularly, first-time customers blindly presumed that Spirit Airlines works the same way as other airlines. In reality, there were no hidden or excessive fees, and passengers could only pay for what they need or want. In 2014, the airline introduced its “Spirit 101” campaign to educate customers and alter their perceptions. With time and the increased adaptation of the “Basic Fare” model and curtailed customer service by every other airline, passengers’ expectations have since been right-sized. Spirit Airlines has come a long way, and its customer service has improved vastly.

Further studies on loss aversion have shown that a cascade of successive fees is worse than the cumulative: i.e., three ancillary fees that add up to, say, $70, feel a lot worse than a single $70 fee. Appropriately, Spirit offers a “Bundle it Combo” package.

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  2. Elon Musk Insults, Michael O’Leary Sells: Ryanair Knows Cheap-Fare Psychology
  3. Airline Safety Videos: From Dull Briefings to Dynamic Ad Platforms
  4. The Mere Exposure Effect: Why We Fall for the Most Persistent
  5. Labubu Proves That Modern Luxury Is No Longer an Object, It’s a Story

Filed Under: Business Stories, Mental Models Tagged With: Aviation, Biases, Customer Service, Decision-Making, Emotions, Entrepreneurs, Innovation, Marketing, Mental Models, Parables, Persuasion, Psychology, Strategy

Quantity is the Path to Quality

July 30, 2022 By Nagesh Belludi Leave a Comment

Happiness is not how much time you spend doing what you love, but how little time you spend doing what you hate.

As in Charlie Munger’s recipe for success: “It is remarkable how much long-term advantage people have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” And “I know I’ll perform better if I run my nose in my own stupid mistakes.”

Idea for Impact: The road less stupid can keep you from silly errors, if not all errors.

Wondering what to read next?

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  3. A Bit of Insecurity Can Help You Be Your Best Self
  4. Feeling Is the Enemy of Thinking—Sometimes
  5. Messy Yet Meaningful

Filed Under: Mental Models Tagged With: Attitudes, Decision-Making, Luck, Meaning, Wisdom

Sometimes a Conflict is All About the Process

July 27, 2022 By Nagesh Belludi Leave a Comment

There’s a considerable difference between a “decision conflict” and a “process conflict,” and it’s necessary to disentangle the two.

A decision conflict is about a choice or another to be made. But a process conflict is about the approach, e.g., where making a choice has lacked rigorous deliberation (haste, a lack of participation from essential stakeholders, contempt for shared priorities, lack of attention to the tradeoffs, and so forth.) A sound decision has ensued from a meticulous-enough thought process, even if the decision emerges to be defective in the fullness of time.

Idea for Impact: Worry about bad decision processes. Make the “how” the anchor for your decision-making process. Improving the quality of decisions is developing better frameworks for making those decisions.

Wondering what to read next?

  1. Accidents Can Happen When You Least Expect Them: The Overconfidence Effect
  2. Making Tough Decisions with Scant Data
  3. Situational Blindness, Fatal Consequences: Lessons from American Airlines 5342
  4. How To … Be More Confident in Your Choices
  5. Risk Homeostasis and Peltzman Effect: Why Risk Mitigation and Safety Measures Become Ineffective

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Biases, Confidence, Conflict, Decision-Making, Risk, Thought Process

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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Unless otherwise stated in the individual document, the works above are © Nagesh Belludi under a Creative Commons BY-NC-ND license. You may quote, copy and share them freely, as long as you link back to RightAttitudes.com, don't make money with them, and don't modify the content. Enjoy!