According to Edwin Bliss
Indecision is nearly always the worst mistake you can make.
Summary of his advice:
- Once the facts are available, choose a course and make the decision work.
- Choose the apparently better alternative, announce it confidently, proceed full speed ahead.
- For minor decisions, the faster the better.
- If you really see them as equal, flip a coin!
Flipping a coin really is the most honest way to make some decisions, because it admits that your current information and models are insufficient to reason out one path that leads to a significantly better outcome than the others. The thumb on the scale in such balanced-knowledge situations is likely to be habit, prejudice or fear, so a coin flip might actually pop you out of a rut.
This observation forms the basis of “dice living“.