American psychologist Barry Schwartz makes the case that while having some choice is good; having too many options can promote paralysis and dissatisfaction. He argues that excessive, complicated choices can lead to regret and anticipated regret, opportunity costs, escalation of expectations and self-blame. Schwartz also discusses global economic problems and proposes income redistribution between societies with too many options and those with too few options, resulting in significant benefits for everyone.
- Does having choice make us happy? 6 studies that suggest it doesn’t always (ted.com)
- Does Being Stressed Out Help You Make Better Decisions? (forbes.com)