Underestimating the possibility of disasters occurring.  Thus, they don’t have an urgency to prepare for the worst. 

When disaster strikes, some people lose their heads, some people become cool and effective, but by far most people act as if they've suddenly forgotten the d...

It occurs when we are in a “hot” state of mind and incorrectly assume that our current needs will be the same as our future needs. As a result, we tend to make decisions based on how we feel right now instead of how we might feel in the future. 

Another way to think about i...

Receiving criticism will always have a greater impact than receiving praise.

And we remember criticism strongly but inaccurately. But although criticism is more likely to be remember incorrectly, we don’t often forget it - almost everyone remembers negative things more str...