This was a problem partly of choice overload — too many options — but also of poor information. Research also shows that an excess of choices often leads us to be less, not more, satisfied once we actually decide.
Understanding how we choose could guide employers and policy makers in helping us make better decisions. But studies have shown that if more fund options are offered, fewer people participate. Making choices can be most difficult in the area of health. Professor Iyengar and some colleagues compared how American and French families coped after making the heart-wrenching decision to withdraw life-sustaining treatment from an infant.
In the United States, parents must make the decision to end the treatment, while in France, the doctors decide, unless explicitly challenged by the parents. It is important to note that no one is suggesting that parents be kept out of the loop in such a crucial matter. This concept may even extend to, yes, marriage. When looking, for example, for a new camera or a hotel, Professor Schwartz said, limit yourself to three Web sites.
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Real-time Your spends, bills and investments performance are updated real-time so that you don't miss a thing. Insightful Skip all the complex math to the app. Know More. App Rating 4. Scheibehenne recently co-wrote an analysis, to be published in October in The Journal of Consumer Research, examining dozens of studies about choices. One problem, he said, is separating the concept of choice overload from information overload. I know this from experience.
A while back, I spent a great deal of time trying to decide which company should provide our Internet, phone and television cable service. I was looking at only two alternatives, but the options — cost, length of contract, present and future discounts, quality of service — made the decision inordinately difficult.
This was not only because I wanted to get the best deal, but because the information from the companies was overly complicated and vague. This was a problem partly of choice overload — too many options — but also of poor information. Research also shows that an excess of choices often leads us to be less, not more, satisfied once we actually decide.
Understanding how we choose could guide employers and policy makers in helping us make better decisions. But studies have shown that if more fund options are offered, fewer people participate.
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Making choices can be most difficult in the area of health.