The Paradox of Choice: Why More Is Less
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Read between March 30 - April 3, 2020
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A large array of options may discourage consumers because it forces an increase in the effort that goes into making a decision. So consumers decide not to decide, and don’t buy the product. Or if they do, the effort that the decision requires detracts from the enjoyment derived from the results. Also, a large array of options may diminish the attractiveness of what people actually choose, the reason being that thinking about the attractions of some of the unchosen options detracts from the pleasure derived from the chosen one.
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NOVELIST AND EXISTENTIALIST PHILOSOPHER ALBERT CAMUS POSED the question, “Should I kill myself, or have a cup of coffee?” His point was that everything in life is choice. Every second of every day, we are choosing, and there are always alternatives.
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Nobel Prize–winning psychologist Daniel Kahneman and his colleagues have shown that what we remember about the pleasurable quality of our past experiences is almost entirely determined by two things: how the experiences felt when they were at their peak (best or worst), and how they felt when they ended.
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The alternative to maximizing is to be a satisficer. To satisfice is to settle for something that is good enough and not worry about the possibility that there might be something better. A satisficer has criteria and standards.
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So, counterintuitive as it may appear, what seems to contribute most to happiness binds us rather than liberates us. How can this notion be reconciled with the popular belief that freedom of choice leads to fulfillment?
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So wanting and liking can, under some circumstances, be dissociated, just as there is often a disconnect between our anticipated preferences and the options
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“What happens when you have too many options is that you are responsible for what happens to you.”