Distinction Bias: Why You Make Terrible Life Choices - Deepstash
Distinction Bias: Why You Make Terrible Life Choices

Distinction Bias: Why You Make Terrible Life Choices

Curated from: nirandfar.com

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Distinction bias

Is the tendency to over-value the effect of small quantitative differences when comparing options.

For example: we think a 1,200 square foot home will make us happier than a 1,000 square foot home. We think earning $70,000 a year will make us happier than earning $60,000 a year.

Mostly encountered in when we are in the situations of buying something new.

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Overcome distinction bias

  • Donโ€™t compare options side by side:ย In comparison mode, we end up spending too much time playing โ€œspot the difference.โ€ Instead, evaluate each choice individually and on their own merit.
  • Know your โ€œMust-Havesโ€ before you look for something to buy: that way, you won't getย suckered into features you donโ€™t really need.
  • Optimize for things you canโ€™t get used to:ย your happiness will adjust back to anything that is stable and certain like your income, the size of your house, or the quality of your TV.

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