Self-distancing can help you make better decisions

This concept is based on construal level theory, which suggests that creating psychological distance in one domain can promote psychological distance in other domains, so that increasing people’s psychological distance from a certain event by changing their linguistic self-distance could affect how close they feel to that event from an emotional perspective. However, when people use self-distancing techniques, by asking themselves what kind of advice they would give to a friend if they were in the same situation, people are able to reduce this asymmetry in their insights, and apply the same reasoning skills to their own dilemmas as they would to those of others. The two most notable techniques for this involve using self-distancing language in your inner monologue, or visualizing other people’s perspective when analyzing events that you’ve experienced.

Source: effectiviology.com