Analysis Paralysis
Summary
- When we have so much choice that we get stuck and are unable to decide which is the best decision.
Details
- Companies that offered retirement savings plans discoverd that for every 10 additional fund options offered, participation in a retirement savings program fell by 1.5 - 2%
- Possibly the effort of trying to make the best decision outweighs the benefits.
- This may contribute to stress, bad decisions, anxiety and dissatisfaction