A Simple Checklist For Making Better Decisions

A Simple Checklist For Making Better Decisions

GRETCHEN RUBINLINKEDIN

JAN. 24, 2014, 5:26 PM 5,014

We all have to make decisions about how to spend our precious time, energy, and money.

Because of my happiness project, I now explicitly ask myself, “Will this decision make me happier?”

I consider:

1. Is this decision likely to strengthen my relationships with other people? Strong relationships with other people are a keythe key—to happiness, so decisions that help me build or strengthen ties are likely to boost my happiness. Yes, it’s a hassle and an expense to go to my college reunion, but it’s likely to have a big happiness pay-off.

2. Will this decision provide me with novelty and challenge? Novelty and challenge make me happier—but they also make me feel insecure, intimidated, frustrated, and stupid. To get past that hurdle, I remind myself that in the end, I usually get a big shot of happiness. When I considered adding video to my site, I reminded myself that the process of mastering the process would likely make me happier. And it has.

3. What is the opportunity cost of this decision? (“Opportunity cost” describes that fact that doing one thing means foregoing alternatives.) Energy, time, and money are limited. Even if a decision would bring happiness, if it means that I have to give up the opportunity to do many other happiness-boosting activities, it may not be worth it. I could dedicate many hours to learning about classical music, and in the end, I might enjoy classical music more, but that activity would crowd out too many other things that I want to do more. Like read children’s literature.

4. Does this decision help me obey my personal commandment to Be Gretchen? I want to shape my life to reflect my temperament, interests, and values. I ask myself: Am I making this decision to “Be Gretchen,” or because I want to impress other people, pretend that I’m different from the person I actually am, or deny a truth about myself?

5. When I consider a particular course of action, do I feel energized or drained? In Happier at Home, I write about how I conquered my fear of driving. I dreaded doing this, but I was also energized by the thought of tackling this nagging worry.

6. How happy are the people who have made that particular decision? In Daniel Gilbert’s book Stumbling on Happiness, he argues that the most effective way to judge whether a particular course of action will make you happy in the future is to ask people who are following that course of action right now if they’re happy, and assume that you’ll feel the same way. Going on a family trip to Disney World. Getting a hamster. Learning to use Pinterest. Working as a paralegal. Volunteering. In evaluating the likely consequences of a decision, other people’s experiences of happiness—or lack thereof—can be very instructive for me.

7. I remind myself to “Choose the bigger life.” People will make different decisions about what the “bigger life” would be, but when I ask myself that question, it always helps me see the right answer, for myself.

 

October 27, 2008

Paradoxes of Happinesss: the sadness of a Happiness Project.

I think everyone could benefit from a happiness project.

But there’s also a sad side to a happiness project, which comes directly from the first and most important of my Twelve Commandments: “Be Gretchen.”

Many of the things that have brought me happiness since I started my Happiness Project came directly from my attempt to do a better job of “Being Gretchen.” This blog. My children’s literature book group. My Boy Castaways of Black Lake Island project.

But being Gretchen, and accepting my true likes and dislikes, also means that I have to face the fact that I will never visit a jazz club at midnight, or hang out in artists’ studios, or jet off to Paris for the weekend, or pack up to go fly-fishing on a spring dawn. I won’t be admired for my chic wardrobe or be appointed to a high government office. I love fortune cookies and refuse to try foie gras.

Now, you might think – “Well, okay, but why does that make you sad? You don’t want to visit a jazz club at midnight anyway, so why does it make you sad to know that you don’t want to do that? If you wanted to, of course you could.”

It makes me sad for two reasons. First, it makes me sad to realize my limitations. The world offers so much!–and I am too small to appreciate it. The joke in law school was: “The curse of Yale Law School is to try to die with your options open.” Which means — at some point, you have to pursue one option, which means foreclosing other options, and to try to avoid that is crazy. Similarly, to be Gretchen means to let go of all the things that I am not — to acknowledge what I don’t encompass.

But it also makes me sad because, in many ways, I wish I were different. One of my Secrets of Adulthood is “You can choose what you do, but you can’t choose what you like to do.” I have a lot of notions about what I wish I liked to do, of the subjects and occupations that I wish interested me. But it doesn’t matter what I wish I were like. I am Gretchen.

Once I realized this, I saw that this problem is quite more widespread. A person wants to teach high school, but wishes he wanted to be a banker. Or vice versa. A person has a service heart but doesn’t want to put it to use. Someone wants to be a stay-at-home mother but wishes she wanted to work; another person wants to work but wishes she wanted to be a stay-at-home mother. And it’s possible — in fact quite easy — to construct a life quite unrelated to our nature.

People judge us; we judge ourselves.

And the Happiness Project makes me sad for another reason. Just as I must “Be Gretchen” and accept myself, strengths and weaknesses both, I must also accept everyone around me. This is most true of my immediate family.

It’s very hard not to project onto your children everything you wish they would be. “You should be more friendly,” “You would love to be able to play the piano, why don’t you practice?” “Don’t be scared.”

And it’s even harder to accept your spouse. A friend told me that her mantra for marriage was “I love Leo, just as he is.” I remind myself of this constantly. I wish the Big Man got a big kick out of decorating the apartment for the holidays and that he was more eager to pass out gold stars, and sometimes it makes me sad to realize that he won’t ever be that way. I’m sure he wishes that I were eager to go camping and that I had a more peacable nature. But I love him just the way he is, and I’m a lot happier when I don’t expect him to change. The fact is, we can change no one but ourselves.

That’s another paradox of happiness: I want to “Be Gretchen,” yet I also want to change myself for the better.

Now, you might say again, “Why does all this make you sad? Rejoice in what you are; be authentic,” etc., etc. But it does make me feel sad sometimes.

Several thoughtful readers sent me the link to a very interesting article from The Atlantic: Paul Bloom’s First Person Plural, about our “multiple selves.”

 

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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