FOBO is Fear of Better Options. FODA is Fear of Doing Anything. Both are quandaries a decision-maker may find himself or herself in, when faced with lots of options. These states of mind definitely apply to me sometimes!
Here is advice from Patrick McGinnis in a New York Times article :
1. For everyday things, I do what I call “Ask the Watch.” I whittle something down to two options and then assign each item to a side of my watch. Then I look down and see where the second hand is at that moment. Decision made. It sounds silly, but if you try it — asking the universe — you will thank me.
2. For the big things, I try to think like a venture capitalist. I write everything down on the topic — pros, cons, and so on — and I read it out loud. That process is basically like writing an investment memo for a V.C. investment, but in this case the investment is of your time, your money, your energy.