Much of my philosophy on decision-making was a largely a product of the video games I played during my childhood.
In one of these games, you were needed to send your minions to do certain tasks for you in order to progress in the game and become more powerful. Before you are given the option to initiate an operation, and after the minions were assigned, you were shown the exact percentage of success, ranging from 0 to 100. The higher the chance for you to succeed, the more you should begin the operation, and worry less about misfortune consequences, with your current resources.
And indeed, whenever I anticipate a higher possibility for something beneficial to be done, I tend to convince myself more that I should do it, and when I anticipate lower chances of success, with significantly counter-productive results, I tend to avoid making that possibility a reality.
The same logic especially applies to finance. Would you do something that you cannot afford doing? Would you afford doing something that might require you to take a loan? Would you be easily tempted to financial offerings by people through the phone and through the internet that are likely to deceive you?
Hence why I avoid gambling completely, and I’m making sure that any purchase I make, has a significant benefit to my life, if the purchased is to be mine.
I’ll give an example - I found a good remastered video game for the PS4, and heard very good reviews about it. However, one reviewer said that the entire, 100% of the game can be completed in 4 hours.
Given this information, I measured the overall benefit - should I buy something that, even if it’s a good product, will only keep me busy for 4 hours? Given the fact that I can easily pass 4 hours of my free time without buying this game, I declined the possibility of buying it, since the benefit of the content’s quality, isn’t proportioned with the benefit of its chronological quantity.
Thankfully, my decision-making philosophy has proven to be good and practical.