The number of choices we must consider before making even the simplest of decisions is increasing at a dizzying rate, what with the Internet, globalization, 24-hour cable news and iPhones. This is especially true with the often complicated retirement planning environment. To cut through the noise, a number of experts recommend a back-to-basics approach – one that emphasizes hunches and best-guesses.
Newsweek reports that a growing number of psychologists are questioning the validity of traditional decision-making methods that depend on data-heavy calculations and increasingly powerful computers.