Thinking about failure, minimization, and modularity in purchasing decisions

R3ciprocity.com - Prof David Maslach: Innovation; Research Life; Striving Towards Happiness · Feb 9, 2023 · 8m

Purchasing decisions are a critical part of our daily lives, and we often base them on things like status and recognition. However, an alternative approach to making these decisions is to focus on minimizing the amount of failure that a product is likely to experience. This way, we can ensure that we make informed decisions that lead to fewer problems in our lives. When considering the failure rate of a product, it is essential to be intentional and mindful of the different ways that a product may fail. By doing so, we can better understand the potential drawbacks of a product and make…