8. 🖼️Framing Effect
We draw different conclusions from the same information, basis how the information is presented. And that makes all the difference.
Ex: "Only 5% of Indians invest in the stock market. There must be something wrong with it.
Only 5% of Indians invest in the stock market. Imagine the potential."
207
2.05K reads
CURATED FROM
IDEAS CURATED BY
An ordinary boy who is indiscriminately passionate about many things, develops the frontend of websites, a graphics designer, a bibliophile, Loves to learn and grow, and write. | In search of infinity!
I wish we were taught about these biases in school, in addition to what school taught us. These biases prepare us for life in more ways than the curriculum does. - Ankur Warikoo
“
The idea is part of this collection:
Learn more about personaldevelopment with this collection
How to manage workplace stress
How to prioritize and make better decisions
How to learn anything fast
Related collections
Similar ideas to 8. 🖼️Framing Effect
The Framing Effect Of Costs
Framing is a bias-inducing technique that seems to tilt buyer preferences by providing the same information in different ways. It makes people see the same data in such a way that it affects their choices.
Example: A $10 watch with $5 shipping charges may be a turn-off...
Assuming small differences are meaningful
Small, daily fluctuations are often just statistical noise. For instance, in the stock market or polls.
To avoid drawing faulty conclusions about the causes, request the "margin of error" relating to the numbers. If the difference is smaller than the margin of error, there is probab...
Decline Explained
Currently, we observe decline all around us, whether it's the stock market, travel, or jobs.
There are three different Types Of Decline: Narrative, Physical and Technical/Legal.
Narrative Decline is when the capabilities remain the same but a narrat...
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