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How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
We're hardwired to prefer to be with our group
Yet, as important as conformity is, we are not very good at estimating group consensus.
We assume the majority in a group are those with the loudest voices that are repeated the most often. Unfortunately, this can lead us to adopt beliefs that the majority never really held, resulting in collective illusions that become a reality.
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Conformity bias
When we deviate from the group, our brains trigger an 'error signal' that short circuits everything else to let you know something is fundamentally wrong, and you should pay attention.
Public shaming is an example of punishing people who deviate from the group. However, group consensus is n...
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Groups can err in huge ways
History is full of examples of groups deviating in huge ways, and there's an enormous social cost.
For example, in the 60s, most whites in the South no longer approved of segregation but were convinced that most white Southerners still favoured segregation. Nobody was willing to challe...
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Other curated ideas on this topic:
Group decisions are not risk-free
- Groups are better equipped than individuals to recognize an answer as correct. But, when the whole group is susceptible to similar biases, groups are inferior to individuals.
- Polarization can occur in groups. One major bias in risky decision making is optimism, while doubts are sup...
Create a group that consciously decides to spot biases for each other
- Groups that have a confirmatory style of thought enable one another to not learn and preserve identity
- Instead, create a group that has an exploratory style of thought
- The goal of the group is to create a more accurate mental model of the world
People are free to choose how to be and behave
This point is fixed: people have free will. Any honest philosophy of education must take as a goal to develop people capable of acting deliberately to create their own lives.
Ultimately it is up to the individual to engage and choose what attitude to adopt. Explorare aligns more with this g...
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