Frequently, our decision-making process revolves around selecting one of two possibilities. Many times, we find ourselves struggling to determine if we should proceed with a specific action. However, we often overlook extra choices by viewing decisions as a black-and-white selection. When facing such a dilemma, it is crucial to explore alternative solutions.

Reflect on the predicaments that teenagers often face. These choices don't involve comparing various options. Instead, they represent a simple yes or no decision. They grapple with decisions, such as whether to buy a new dress, attend a social gathering, or stay home. So, the dilemma of attending this social gathering could be alleviated. The youngster can instead consider alternatives like reading sci-fi or watching a favorite cooking show.

A different way to approach making decisions is to think about what you might give up by choosing one option instead of another. Let's say you're having a hard time deciding between buying an expensive leather bag for $1500 or a simpler and cheaper one for $800. Take a moment to imagine what you could do with the $700 you'd save if you chose the more affordable option. This is what we call the opportunity cost. Would you rather have an extra $700 to spend on things like buying records, or do you prefer the fancy and stylish bag?

At times, we face identical options but framed in distinct ways. A study revealed that when individuals were presented with a decision to buy a favorite magazine for $12.99 or abstain, 25% chose not to buy it. This implies that we often overlook opportunity costs. However, when the negative option was phrased, "Keep the $12.99 for other things," the situation shifted. As a result, 45% refrained from purchasing the magazine. This instance illustrates that even a hint of an alternative can change the outcome.