Learn more about problemsolving with this collection
How to handle conflicts
How to identify and regulate emotions
How to develop self-awareness
It is a glitch in our thinking that occurs when we place too much weight on past events, believing that they will have an effect on future outcomes.
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It essentially works like this: rather than making a decision based on pure value for investment (time, money, etc.), we factor in comparative value—that is, how much value an option offers when compared to another option.
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We believe our memories more than facts. Our memories are highly fallible and plastic. And yet, we tend to subconsciously favor them over objective facts.
Don't base a factual decision on your gut instinct without at least exploring the data objectively first.
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It plays on this tendency of ours to emphasize loss over gain.
The term sunk cost refers to any cost that has been paid already and cannot be recovered. The reason we can't ignore the cost, even though it's already been paid, is that we're wired to feel loss far more strongly than g...
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This is when we mistakenly think that eventually, our luck has to change for the better.
Somehow, we find it impossible to accept bad results and give up—we often insist on keeping at it until we get positive results, regardless of what the odds of that happening actually are.
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We surround ourselves with it: We tend to like people who think like us; if we agree with someone's beliefs, we're more likely to be friends with them.
This makes sense, but it means that we subconsciously begin to ignore or dismiss anything that threatens our world views
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It's a thinking mistake and it occurs when we confuse selection factors with results.
Professional swimmers don't have perfect bodies because they train extensively. Rather, they are good swimmers because of their physiques.
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It happens when we rationalize our purchases, even if we're not satisfied with what we've got.
We're pretty good at convincing ourselves that those flashy, useless, badly thought-out purchases are necessary after all.
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We show optimism towards future time, when we are in a delusion of ‘planning fallacy’, believing we have more time in the future. Our current mindset is a forecast on how we would be doing in the coming days, and if we are busy, stressed out and confused now, that’s how the next few days will loo...
Back in the '80s, researcher James Flynn made a discovery that is now known as the Flynn effect. According to the researcher, the scores in IQ tests have known an increase in the past century.
The Flynn effect tells us that the human mind is much more adaptable and malleable than we might ...
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