preview

Barry Schwartz's The Paradox Of Choice

Decent Essays
Open Document

“The more choice people have, the more freedom they have, and the more freedom they have, the more welfare they have.” This is an idea that Barry Schwartz talks about in the book “The Paradox of Choice.” Choices in todays industrialized western culture has let us believe that the more choices we have, would mean the happier we are. Is this actually true? In fact, Barry Schwartz talks about his book in the Ted-Talk I chose. The whole idea that he persuaded you to grasp was that. When we have more choices it makes us less satisfied than it would be if we had fewer choices, an example of this would be. Say you had to choose 10 pairs of pants and they were all different fits. Skinny, Loose, Slim, Relaxed, and so on. At this point you would try all of them on. So you would’ve choose the most suitable and comfortable pair of jeans since you just tried them on. Since you had so many choices you would’ve left the …show more content…

We have tons and tons of brands of clothes, and a practically infinite amount of brands of shoes. The amount of choices we have really chains us down. Whenever you make a choice you’ll constantly be wondering “Could I have made a better choice, or did I make the right choice?” A popular study from Barry Schwartz’ book shows. “A study that was done of investments in voluntary retirement plans. A colleague of mine got access to investment records from Vanguard, the gigantic mutual-fund company of about a million employees and about 2,000 different workplaces. And what she found is that for every 10 mutual funds the employer offered, rate of participation went down two percent. You offer 50 funds -- 10 percent fewer employees participate than if you only offer five. Why? Because with 50 funds to choose from, it's so damn hard to decide which fund to choose.” After that you’ll just keep saying tomorrow and so on. This is the idea Barry Schwartz stresses to be an issue in today’s

Get Access