Hey, it’s Jaka from A-year-of-choices. Welcome to episode 5 of the decision-making process series. In this episode we’ll talk about different decision-making styles. For a very long time I felt that I was bad at making decisions. I wanted to be like those Wall Street type of guys, you know. Big CEOs, big bosses of the companies that make one hard decision after another. But despite my best effort I never reached my goal. And it actually took me a very long time to realize what was the reason for my “failure”. It all started a few years ago when I took a personality type test and I started reading about psychology, psychology theory behind it. So, I won’t bother you with the theory. You can check the link for the Myers-Briggs Type Indicator in the description box below. But what I’ll focus on are the four, four mind aspects and how they affect our decision making process. The first mind characteristic or mind aspect deals with the extroversion versus the introversion. So, we have all heard about this scale before. The extroverts are typical perceived as the outgoing and talkative, while the introverts are usually perceived as reserved and solitary. From the decision-making point of view this aspect is important at several stages of the process. So, for example, this is important when we gather information, or when we discuss different ideas, when we set the selection criteria, or when we make the final selection. So, on one hand you have people who prefer to do some or all of these activities alone. So these are the introverts. On the other hand you have people who enjoy engagement with other other peers, with friends, with colleagues. So these are the extroverts. The second mind aspect defines how we see the world, how we process information, and what kind of information we focus on. On one side of the scale there are the sensing types. Sensing people are interested in facts and observable things and their focus is on practical, concrete things. So, a typical stereotype might be some sort of engineer. On the other side of the scale there are the intuitive types. Intuitive people are more visionary, they’re more interested in ideas than in hard facts, and their focus is more on the novelty. A perfect stereotype might be some sort of theoretical professor. Theoretical physicist, something like that. From the decision-making process this scale is important since information gathering is a vital component of the whole process. Obviously, the final decision is only as good as the understanding and information that back it up. The third aspect defines the preferred way of making the final selection. On one side we have the thinking type and on the other side we have the feeling type. Obviously thinkers prefer to look at things from rational perspective and when they make a decision, they usually have a well-defined selection criteria. The feeling type on the other hand focuses more on their gut feelings. They follow their heart and their feelings are usually more important than some objective criteria. So from the decision process point of view the scale is pretty much obvious. So, some people prefer to look at hard facts, and some people people prefer to use their gut feelings when they make their final selection. The final and fourth aspect determines how we approach life or in particular how we approach planning. So one extreme on this scale are the perceiving types. So they prefer to live in the moment, except external world as it is, without any attachment. So, I always pictured children playing when I think of the perceiving type. When it comes to planning, the percieving type prefers flexibility and keeps his or her options open. The other extreme of the scale are the judging types. So, for some reason the judging type always reminds me of some sort of Swiss or German stereotype. So there are very decisive people who always have a plan for everything. So, they don’t like to leave any loose ends and they prefer clarity and closure. The effects of this scale are most evident in the way we approach decision-making process. So the judging type they have no problem and they are usually very decisive. On the other hand the perceiving type… Well, they can be a bit reluctant to commit. So, the perceiving type typically needs more time to make a decision, and they usually do it in the very last moment. So, what are the conclusions of this video? We took a look at four different personality type characteristics and how they influence our decision making process. So, they determine how we interact with the world, how we process the information, how we make the selection, and how we approach planning or how we approach decision making. An important takeaway from this video is that there is no such thing as a universal decision-making style. So, everybody needs to figure out what’s his or her preferred approach to decision making. Final remark to all you perceiving types, me included… So we are not bad at making decisions. We’re usually just reluctant to make them.