Emotions drive unplanned behaviour
We all would like to think that we make decisions based on logic. Given the facts, we know what the right actions we should take are to achieve a given outcome.
In reality, emotions drive our decision making. I recently discussed this regarding our Hedging Model at Farmgate Advisory.
We make decisions on the fly all the time, and emotions are the dictator of these.
That’s ok, it just needs to be noted. If we have big and important decisions ahead of us, we should take time to use logic.
Over 90% of planes landing today will be done by computers (logic), because they don’t have emotions.
Emotions allow for quick decisions, but consistent decisions must be made using logic.