How the process looks
- When did you first realize you [needed something to solve your problem]?
- Where were you?
- Were you with someone?
- What were you doing, or trying to do when this happened?
Just like securing a boat at sea, we begun by dropping our bow anchor by starting with the actual purchase; now, we want to drop our stern anchor to secure the timeline reconstruction.
We are trying to build the timeline (pictured above) which delineates the progress events our customer encountered on their way to the purchase.
1
1 read
The idea is part of this collection:
Learn more about economics with this collection
Mindfulness
Prioritization
Personal growth and development
Related collections
Similar ideas to How the process looks
No One Is Immune To The Anchor Effect
Anchoring is an extremely strong bias, and even if we are aware of it, it still works. We can follow certain rules to avoid this highly prevalent and effective cognitive bias as much as possible:
- Be aware of the anchor effect and recognize that our need for a bargain and even our moo...
We Are Strangers To Ourselves
Introspection is blind to construction. This does not mean that our introspective guesses are never accurate, just as you might guess the correct answer to a multiple-choice question.
When you don’t know the actual facts about yourself, your consciousness pieces together a compelling stor...
Principle #12 Value knowledge and practices that have stood the test of time
Humans are constantly learning and teaching each other the new things that we learn. But we have to keep in mind our track record. At one time we thought the earth was flat. At one time we didn't realize germs were spread through contact and that we should wash our hands. If you stay up t...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates