Patrick McGinnis Speaks About the Impact of 'FOBO'
Ellen Smith — February 12, 2021 — Keynote Trends
References: ted
In his TED Talk titled 'How to make faster decisions' investor and writer Patrick McGinnis speaks about what he calls FOBO, which stands for the fear of better options.
This talk is part of TED's The Way We Work series, and as a result it's geared toward decision-making in the working environment. Capitalism has created a world in which the average consumer is overwhelmed with choice. McGinnis explains that once-simple choices are now difficult due to the expansive list of options. This, according to the speaker, is where FOBO kicks in. Having too many options leads to something called 'analysis paralysis' which makes it hard for the decision-maker to sift through the different options, resulting in a lack of action.
Image Credit: TED Talk
This talk is part of TED's The Way We Work series, and as a result it's geared toward decision-making in the working environment. Capitalism has created a world in which the average consumer is overwhelmed with choice. McGinnis explains that once-simple choices are now difficult due to the expansive list of options. This, according to the speaker, is where FOBO kicks in. Having too many options leads to something called 'analysis paralysis' which makes it hard for the decision-maker to sift through the different options, resulting in a lack of action.
Image Credit: TED Talk
1.1
Score
Popularity
Activity
Freshness
