The most common biases - Deepstash
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The most common biases

  • You’re focused on the time and energy you’ve already invested, or the sunk cost fallacy.
  • Your eyes are trained on positive cues -being overly optimistic and loss averse. Always trying harder and for longer.
  • When we realize we’re likely to fail at a job or other endeavor, we begin to see that goal as even more valuable than it was initially.
  • FOMO—and the fear of making a mistake.

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MORE IDEAS ON THIS

Your brain is the biggest obstacle.

There are lazy people, slackers, and folks who don’t step up, but generally, human beings are hardwired to hang in, not to leave or quit. 

What’s hard for human beings is letting go. 

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Do this if you want to quit

  • Get a bead on your emotions. Don’t set yourself up for a “straw-that-broke-the-camel’s back” moment.
  • Motivate yourself. Quitting isn’t an end in and of itself; it’s a pathway to a new destination.

  • Make a plan that not only sets your new goal but...

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dominicheal

10% luck, 20% skill, 15% concentrated power of will

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Common Explanations for Status Quo Bias

These explanations are all irrational for preferring the status quo:

  • Loss Aversion: When we make decisions, we weigh the potential for loss more heavily than the potential for gain.
  • Sunk Costs: We continue to invest resources like time, mone...

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