Would you let a coin toss decied your future?

Flipping a coin is easy for the little things like where to go out to eat or what movie to go see but we wouldn't flip a coin on a big decision like a big move into another house or a new profession. Would you or wouldn't you. Daniel Herrington 26, who now works on advanced research projects for energy was a former professional race car driver about 2 years ago. He wants to know if he should leave his job now and hes pretty indecisive so Daniel went with the coin toss. Daniel and his girlfriend decieded that since they are both very indecisive and the coin toss make their life so much easier.

Steve Levitt said that most of the stories are factual based stories and there not meant to help people. Steve says that the upside of quitting even though quitting has a bad wrap, strategic quitting though can be a good thing. We make choice without a lot of information and then we get new information and quitting might be the right thing to do Steve says. Steve has quit everything that he is bad at.

Serra Mentessi says that she fell outta love with running but thought it was very hard to quit because it defined her. Serra needed someone to tell her that it was okay for her to quit running and when she heard the podcast she was able to do so. When people are faced with a big decision, should they quit there job, what college should they pick Steve says that he has something to offer for people that listen to this show. So many people ask themselves should i quit this or that but theres no way that Steve or his crew can make that decision for them but he can give them a framework to those people for making those decisions. Out of this framework was born a website called freakonomicsexperiements.com which will walk you through a couple of steps if you are uncertain about a decision you are trying to make.

Economists are always trying to figure out at the margin would it better to go one way or another and in the real world we dont have that option to live two lives. Problems that people have with the most difficulty deciding are important things.

Steve Levitt said that when you come to a point in life and you have to make decisions its costly, you spend too much time thinking about it.

The coin toss is with a random coin and before you flip the coin Steve makes you think a little bit about your decisions and then asks you a few questions. By the time they get done with the survey you may have figured out what you want to do but for those who are still perplexed with the decisions they will flip the coin for you and for most people they feel regret when they flip it themselves often asking themselves they wished they never did that, so when someone else flips the coin for them, we feel less regret. Then Steve will ask you to make a pledge, and then to just stay in touch and tell them how your life has been since you made the decision you chose.

The people that make real world big decisions, their changes do them better in life. Whenever your ont he margin you should have a default role and you should go for the change.