Understanding Social Comparisons in Decision Making

The video discusses how social comparisons can derail decision-making by influencing how we evaluate ourselves against peers. It uses a research example from Kellogg to illustrate how people might choose lower-paying jobs to avoid feeling inferior to peers. The video suggests that to make better decisions, individuals should focus on personal information rather than social comparisons.

What is one factor that can derail our decision-making process?

• Lack of information

• Time management

• Financial constraints

• Social comparisons

How do social comparisons affect our self-evaluation?

• They have no effect

• They influence our perception of our abilities

• They help us ignore others

• They make us more confident

In the research example, what was the salary of the first job offer?

• $150,000

• $175,000

• $185,000

• $200,000

What is the base salary of the second job offer in the example?

• $185,000

• $200,000

• $175,000

• $150,000

What is the salary offered to peers in the second job offer scenario?

• $200,000

• $185,000

• $175,000

• $150,000

Why might someone choose a lower-paying job according to the research?

• More vacation days

• Social comparison makes them uneasy

• Closer to home

• Better work-life balance

What does the research suggest about the impact of social comparisons on decision making?

• They have no impact

• They simplify decision making

• They always lead to better decisions

• They can derail good decision making

What is a suggested solution to overcome the influence of social comparisons?

• Ignore all social interactions

• Avoid making decisions

• Focus on personal information

• Compare with more successful peers

What should we question when making decisions to avoid negative social comparisons?

• The opinions of others

• The information we are using

• The location of decision making

• The time of day

What is the main theme of the video tutorial?

• Creative problem solving

• Time management strategies

• Social comparisons in decision making

• Financial planning