“Learning to choose is hard. Learning to choose well is harder. And learning to choose well in a world of unlimited possibilities is harder still, perhaps too hard.” This profound statement by Barry Schwartz in his book "The Paradox of Choice: Why More Is Less" highlights a significant aspect of our modern lives. The wide array of choices we face daily, such as what to read, how to read it, what rating to give it, and where to post our review, often leads to unhappiness, a phenomenon Schwartz refers to as the tyranny of small decisions.
Schwartz's work offers a solid survey of the behavioral economics literature related to this premise. Similar to many popular economic books that regularly emerge and sell well, it tells us something we already suspected to some extent while also presenting counter-intuitive ideas that gently surprise us. This combination of familiarity and novelty validates our intuitions while also expanding our understanding.
This book belongs on the bookshelf alongside works by Malcolm Gladwell, "Freakonomics," "Predictably Irrational," "Nudge," and "Mistakes Were Made (But Not by Me)," among others. These books are all interesting and worth the time, as long as it's less than 5 hours. However, none of them are truly brilliant. They share a Gladwell-like reductionism, which makes them popular with the business community and heavily promoted by Forbes and TED. While I'm attracted to this form, I'm also repelled by it. They seem to straddle the divide between academic and pop, between economics and self-help. Reading them makes me feel like I know a bit more about myself, but also leaves me disappointed for a couple more rational reasons.
A side note: I believe behavioral economics was invented to get economists laid. It brought them into contact with more psychology and sociology majors, as evidenced by Malcolm Gladwell, who could be described as a bit of a horndog. This reminds me of a joke my econ professor used to tell us: "What does an economist use for birth control? His personality."
Ever since I found out that people, on average, are much more unhappy nowadays than before and that things will only get worse, I often wonder why this is the case. I always had some of my own vague answers to this question but they didn't satisfy me enough. It's very strange to me that in times when everything is easier and little is prohibited, the number of people suffering from depression, for example, is rapidly increasing. After reading this book, things became a little clearer to me. I can imagine how this book can change someone's life.
Most of us are happy that we can choose from a multitude of options regarding everything that exists, choosing what we want the most. Or at least, we think we are happy. Barry Schwartz in "The Paradox of Choice" convincingly shows that excessive choice often brings more problems than benefits. And the greater the choice, the more problems pile up. Counterintuitive, isn't it? But in our complex universe, many things are just like that.
Of course, it's good that we have great freedom to choose but when you are forced to do nothing else all the time except choose and pick, then that's not freedom either, is it? That's exactly what's happening in the modern world: we deny our freedom and our time to pick among things that are not really necessary. Many people wonder where their free time goes and when they think about it, they realize that they have spent half the day choosing where they will have lunch, what they will wear, with whom they will go, what they will eat, how long they will stay there, and before that, they were choosing where they will buy something, what they will buy, how much money they will spend, visiting stores, and new stores and new models always keep popping up, so then just one more store, just one more thing... In the past, many things were given to us by God: we had a family, neighbors, a hometown, a religion... Now we are not satisfied with such a narrow choice and we feel that we must find the perfect friends, the perfect partner, the perfect school, the perfect job, the perfect end, the perfect country... And we non-stop think about whether we made the perfect choice, and then comes reconsideration, re-counting, regret, hesitation about whether to get divorced, whether she was better for me before... And all this doesn't make us happier. On the contrary, all research shows the opposite. For example, if we have too many choices, we often give up on all of them. Making compromises creates conflicts. And the more choices we have, the more opportunities we will surely miss. In the long run, people mostly regret not because of what they have done but because of what they have missed. And we miss a lot.
It's a pity that because of the psychological mechanisms behind choosing, we make big mistakes in advance. It has been proven that we horribly predict how much we will like something. We expect something to be horrible or great but in reality, all that will be to a much lesser extent or even the opposite. And also, we quite poorly assess how things are going. When we assess, that is, when we try to express it, we first describe the things that come to our mind first or are easier to articulate. And based on all that, we make future decisions. When we achieve a great financial gain or, for example, become immobile, we expect that our feeling of happiness and satisfaction will always be different. In reality, after a certain time, we return to our usual level. Adaptation does its job. You know that people get used to everything. In the book, something called the "hedonistic treadmill" is described. We always seek higher and higher levels of enjoyment and when we get used to something and it's no longer enough for us, we strive for more. As if we are on a machine that always moves the goal for us and we can never reach it. And we are never satisfied.
The author calls extreme choosers "maximizers". For them, the quality of life is very low although paradoxically they always strive for the best. It's better to lower the criteria and be satisfied with good enough in most things and only in some strive for perfection, and maybe even that. Anyway, it's all the same. Although happiness is probably not the most important thing, if, in essence, you achieve the same things with good enough as with perfect, it's better to be happy with good enough than to be constantly frustrated with the best that you actually can't always achieve. The most pleasant enjoyments should be made rare so that we don't get bored with them.