When it comes to making the big decisions, there are two distinct methods:
- Practical Choice
Making decisions using complex statistics and probabilities to predict the most likely outcome.
(Common example being - choosing Engineering, Medicine etc as a profession to achieve reasonable success)
- Intuitive Choice
Making decisions based on some unknown black-boxed algorithm/logic that you trust/have found to work but cannot explain even to your own self
(An example could be backing a particular stock even in case of consistent bad performance)
What is common sense?
Choosing how to arrive at the decision. In certain cases, both practical and intuitive choices are identical making the decision making simple. However as is often the case, the two decisions (practical and intuitive) are warring and this is where common sense steps in. It is common sense to consider all possible outcomes, weigh in the benefits/risks of each and arrive at the final decision.
When we reflect back, a common sense decision need not necessarily be the best decision.
The practical decision with an almost certain outcome was just that, almost but not quite!
The gut feel which had proved to be right so often, finally let you down!