Learn more about timemanagement with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
We quickly return to a relatively stable level of happiness despite positive or negative external events. We pursue a promotion and believe it will make us happy. When we get it, we are temporarily happier, only to get back to our baseline levels the next week.
How to overcome it:
1.18K
2.45K reads
MORE IDEAS ON THIS
Economists used to believe that people will always choose the option that maximizes their well-being. But people act against their rational self-interest all the time.
We procrastinate and eat junk food and say yes to the things we don't have time for. Two Israeli psycholo...
1.19K
6.85K reads
This effect describes our tendency to remember incomplete or interrupted tasks better than completed tasks. Each unfinished task takes up some of your attention, splitting your focus. It also interferes with your sleep.
What you can do about it:
1.31K
3.68K reads
This bias addresses why we do unimportant tasks we think are time-sensitive over tasks that are not time-sensitive, even if the non-time-sensitive tasks provide greater rewards.
How to overcome this bias:
1.32K
4.9K reads
We want to finish what we've started because of previously invested resources, even if it is better to quit and use our limited resources elsewhere for better returns.
What you can do about it:
1.17K
2.57K reads
We tend to choose a smaller, immediate reward over a larger reward in the future. For example, playing video games is more enjoyable than writing or coding or designing.
What you can do about it:
1.21K
2.35K reads
We are inclined to believe that complex solutions and explanations are better than simple ones. The perception of complexity often leads to avoidance.
What you can do about it:
1.14K
2.29K reads
We tend to underestimate the time it will take to complete a future task despite knowing that previous tasks have taken longer.
What you can do about it:
1.21K
2.91K reads
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Hedonic adaptation refers to our desire to quickly return to a relatively stable level of happiness after a positive or negative change.
When we get a promotion or buy a new television, we may be happy for a while but will gradually grow accustomed to the choice and p...
It explainsย our tendency as human beings to chase happiness, only to return back to our original emotional baseline after getting what we want.ย
We run on a hedonic treadmill, and get nowhere, despite exerting massive effort along the way.
It is the tendency to go back to your normal level of happiness after a positive or a negative event.
We work toward a promotion or a specific number of followers on Twitter because we think it will make us happy. But when we reach our goals, we are satisfied for a short t...
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