Taking a part-time evening job while at the same time attending classes during the day was one of the best decision I recently made.
Buying second-hand research books that are relatively cheaper than new books but almost the same price with some books sold in soft copy form was a decision that was neither bad nor good.
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Going for a vacation before the last week of the previous semester and setting aside the last week to study for exams was a bad decision.
One of the most significant influences that made me make an irrational decision in the last example was the fact that the vacation was fully paid by my employer, and it was to a place I had never been before. Besides, being a smart student, I presumed one week would be enough to study for exams. This was not the case. The last week was barely enough to study enough to undertake a major exam confidently. I did not take time to think over the decision ( Oud et al., 2016) . As a result, my grades were negatively affected to some extent.
While the second decision seemed standard, it turned out to be less rational in the long run. The store with the second-hand books did not always have all the books that I needed. It was time-consuming to drive to other stores to search for the books. In the end, it would have been cheaper to order the books online. One of the aspects that influenced the irrational decision was the need to have a bookshelf at home for personal satisfaction. Besides, on a personal level, reading hard copy books is more fulfilling because there is less distraction as compared to reading online.
With the knowledge that I currently have, making the same decisions would be catastrophic. Even if it is possible that I am predictably irrational, an in-depth analysis of the consequences of a given decision would possibly help in better decision making ( Ariely, 2009) .
References
Dan Ariely. (2009, January 13). We’re all predictably irrational [Video].YpuTube. https://www.youtube.com/watch?v=JhjUJTw2i1M
Oud, B., Krajbich, I., Miller, K., Cheong, J. H., Botvinick, M., & Fehr, E. (2016). Irrational time allocation in decision-making. Proceedings of the Royal Society B: Biological Sciences , 283 (1822), 20151439.
