I was listening to the Atlantic Podcast on "How to Build a Happy Life" and came across this interesting concept of Satisficers & Maximizers from the book the Paradox of Choice 

Satisficers

These are the people who make decisions based on the fact that "it's good enough". i.e. the goal here is to meet a minimum threshold beyond which it's acceptable.

Maximizers

Maximizers tend to try and weigh pros and cons in more detail and maximize every choice. These people tend to try and optimize every choice or decision.

Useful Insights

A couple of interesting points came to light from the podcast and some related reading

• Maximizers sometimes tend to do better with their choices but feel worse about them because they are constantly in a mode of comparison and second-guessing themselves.

• Being a maximizer can potentially get mentally exhausting at times.

• Satisficers on the other hand make decisions more quickly and intuitively and are broadly happier with their decisions.

Key Take-Away

I think becoming more self-aware of this difference in decision-making behavior and its associated impact on happiness is key and this may come in handy in the future.

My natural tendency is to function more like a maximizer and I need to curb these tendencies and avoid getting overly analytical and second-guess myself (except when absolutely essential).