Psychological Tricks

Judging the likelihood of an event based on how easily examples come to mind, rather than on the actual probability, leading to overestimation or underestimation of risks.

Tendency to seek and give more weight to information that confirms pre-existing beliefs, while ignoring or downplaying contradictory evidence, leading to poor decision-making.

Believing, after an event has occurred, that it was predictable and that one would have predicted it, even if there was no way to know at the time.

Fear of losses outweighing the pleasure of gains, leading to risk aversion and poor decision-making, as people tend to prefer avoiding losses over acquiring equivalent gains.

If you like my work, pls also subscribe my substack .(Paid Or Free --> Chs is yours)

Link : My Substack

Continuing to invest time, money, or effort into something because of the resources already committed, even if it no longer makes sense to do so.

Focusing on the successes and ignoring the failures, leading to an overly optimistic view of the chances of success and a failure to learn from mistakes.