The power of reversible decisions

The power of reversible decisions

In times of fast changes, optimal decision-making combined with speed is often very necessary.  The question is: how to improve that speed?  How to take decisions faster?  

Roughly speaking, there are two types of decisions: reversible and irreversible decisions.  Simple example: painting a bathroom is a reversible decision, whereas adding a new bathroom is rather irreversible in nature. 

Some people wait too long to take a decision because they are afraid about the seeming finality of the decision.  They think that there is no turning back.  However, that is often not true.  Not all decisions have to be set in stone and most are completely changeable.  One of the keys to speed up your decision-taking is being able to tell the difference between reversible and irreversible decisions.  Or to ask yourself the question: how can I make this decision reversible and what would it take?  Can you make it reversible, then take that decision.

Knowing the difference between reversible/irreversible decisions will not only empower you to take decisions faster, it will also give you a whole lot of information that would be impossible to know otherwise.  That’s because action will almost always tell you more than analysis before the fact.  Suppose you want to buy a new mattress. That's an important purchase and it's fairly expensive.  However, you are likely buying it without knowing if it will be a truly good one for you.  If you had a 100% money-back guarantee, you would buy the mattress instantly and gain valuable information about how it feels every night. Then, depending on your level of satisfaction, you can reverse the decision or not.  Either way, you will be extremely informed and confident in your decision.  It's not a coincidence that some mattress dealers give a “comfort trial” period of around 30 days. Within that window, you can return the mattress if it doesn't feel as comfortable as you had hoped. 

Some people consider reversing a decision as a personal failure.  But why?  Consider it as adjusting your position in the face of new information.  So make more reversible decisions.  And it does not matter if you are right or wrong: you lose nothing.  Even more, you gain information and you end up deciding optimally. 

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