Having Too Many Choices Leads To Bad Decisions

Too Many Choice

Enjoy this guest post, then have a read of our ultimate guide to the weighted decision matrix.

Lots of choice is good, isn’t it? Well a new study suggests that may not be the case at all. The University of Warwick and the University of Lugano teamed up to research decision making whilst partaking in a gambling experiment. 64 people taking part where asked to choose a box on a screen in front of them. Each box had a monetary value and non-disclosed odds on paying out the cash inside (sounds like the popular TV program Deal or No Deal so far). The boxes had to be turned over a number of times in order for the participants to guess the odds or the liklihood of a payout. Open the box 10 times and get paid out once would lead to a deduction of odds of 1:10. The boxes could be opened as many times as the participants liked but in the end they had to make a final choice as to which box to open.

One group got five turns, where the number of boxes to choose from went up each turn. There were two boxes to decide between at first, then four, eight, 16, and 32. Another group did this in reverse with the number of boxes decreasing from the maximum of 32 down to 2 again over 5 turns. Interestingly, the group with more boxes did more sampling or testing of the odds but not in proportion. For example they 14 samples for two boxes, but 55 samples for 32 boxes.

The group with the largest number of boxes were looking for the boxes with the biggest payouts but didn’t test enough to get a feel for the odds. More choice led to less research and less chance of winning. Poor decision making.

The people with the smaller amount of boxes got more information by testing the odds more and stayed true to this technique as the number of boxes increased.

The universities have dubbed this “search-amplified risk” or in other words, the more choices put in front of an individual, the more they overestimate their chance of a massive payout. The moral of the story from our point of view – don’t gamble!

How To Make a Decision on Wedding Dresses

Don’t forget to use a weighted decision matrix to help you decide what wedding dress to choose.

Finding a wedding dress can be a pretty daunting task. And it gets even trickier if you don’t know how to look for right dress to wear on your big day. So to avoid the unnecessary hassles and maintain your positive appearance until the wedding day comes, here are some useful tips in finding the perfect wedding dress for your day of matrimony.

Bride

1. Set on a specific budget – The first (and probably, the most important) thing you have to consider is the amount of money you are willing to spend for your wedding gown. Allocating the right will give you the benefit of looking for specific dresses without having to worry about spending too much. Don’t fall into the myth f believing that low-priced dresses are cheaply made. In fact, you can go online and check out some websites who are offering some fabulous dresses at half the price compared to the ones you see at the mall. Check these pictures below and see for yourself.

As you can see, these wedding dresses look stylish and glamorous, but you’d be surprised to know how affordable they are and it will surely fit well to your small budget.

2. Pick on a wedding dress design that will compliment your personality – Brides like you are in for a treat because anything goes when it comes to wedding fashion this year. If you like to realize your dream of being a princess, then choose the princess silhouette wedding dresses. Or if you are a bit conservative, then choose to wear ball gown wedding dresses and magically turn your wedding into a grand affair. There are so many designs you can choose from, but just make sure the dress you’ll be wearing will bear a design that’s distinctively you. Check out these fashionable wedding dresses and maybe you will find the style that’s right for you.

3. Make sure that you will like the fabric and the materials of the dress you are going to wear – Fall in love with your dress rather that hating it at the day of your wedding. Prioritize more on the comfort it will bring so that you will be able to show a more meaningful smile in front of your groom and guests. Choose wisely on the fabrics and materials your wish to incorporate in your and adorn your dress to make it fashionably comfortable.

5. Acquire some help (if needed) – If you’re still undecided about what wedding dress you are going to wear on you big day, then don’t hesitate to ask some advice from your friends and loved-ones- Or better yet, acquire some assistance from you maid of honor as her main duty is assist the bride in all the necessary preparations and to keep you from getting stressed. Talk to them and tell them about you preference in the style, budget, and how comfortable the wedding dress is and surely they will be more than willing to give a helping hand.

Conclusion:
Choosing a wedding dress does not need to be a hassle. Just follow the tips mentioned above on how to choose the perfect wedding dress and you definitely have a great time preparing for gown and maintain your happy disposition until the big moment arrives.

About the Author
Carlo is an editor of The Green Guide, an online green living and shopping guide magazine. Carlo is especially interested in writing on wedding related topics and he is the chief editor of wedding dress division of The Green Guide.

How to make a decision on buying a Classic Car

A weighted decision matrix is the perfect tool to help decide which classic car to buy. Get your template from our downloads page.

As it is the case for any investment, purchasing a Classic car can be troubled with pitfalls. Making the right decision while planning on owning a car can be a tremendous experience which can as well reap a profit when it gets to selling time. If you make a wrong decision during the process, the Classic car can turn into a money pit which returns little delight and no yield. Below are some guidelines to assist you in making a decision on buying a Classic car.

what classic car should I buy

Consider whether you actually need a Classic-car;
According to the experts, persons that have never driven an older car get disappointed often. You should think through the idea of you owning a Classic car. These cars usually have a different feel of steering; brake differently; and in most cases they have got squeaks and rattles even after they have been restored perfectly. As a buyer, you should get a clear understanding of what you are getting into. If you can, get a person that has a car which is similar to the one you are considering to buy and sit in it or even drive it If possible.

Only buy the one which you are greatly passionate about;
Although there is likelihood that your Classic car will depreciate in value as time goes on, decide on buying as if it will not. Possess a car which will bring you joy and happiness regardless of what occurs to its value. In case you decide to buy the 1965 Rambler Marlin just because you hope to flip it for some quick profit, there are chances of you getting stuck with the car that you do not treasure and thus becoming a sore-point. You must ensure that you obtain a car which you certainly want because you are likely to possess it for some good time.

DVLA contact: Do some research
In the same way as you would do with a mutual or stock fund, do some research on the type of car that you want to acquire. Be acquainted with the number of cars of each model that were produced, and also what the original factory colors and options were. Acquire some knowledge of how to decode the vehicle identification Number of a car. This will help to tell you so much about how equipped the car was at the time when it left the factory. For the majority of Classic cars, there exist books which provide exacting details on VIN codes, options, and production numbers. Local car clubs and the internet are the other great resources.

Watch out for counterfeit cars
The truth about the Classic car business is that it is far-off easier to forge a Classic car than it is to print a fake £20 note. The VIN tags can be altered, the numbers on the engine blocks and the fenders can also be changed. This is because the parts which are required to create counterfeit Classic cars are readily available.

Broad research can help safeguard you against getting a forged car; however, the best choice is to get cars which have got good background. It is also necessary that you get a DVLA contact address so that you can ask for some guidelines on the driver and vehicle registration process and necessities.

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