Learn more about personaldevelopment with this collection
How to make rational decisions
The role of biases in decision-making
The impact of social norms on decision-making
Goal Gradient Effect
It explains why we work harder to achieve our goals when they're most closely in sight: At work, you might notice that you and your coworkers sprint toward a project's finish line once you can see the light at the end of the tunnel.
How to control it: Visualize your work in ways that allow you to see how far you have to go.
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1.41K reads
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The IKEA Effect
Is why we get attached to things when we had a hand in creating them.
It echoes the sunk cost fallacy: We're not prioritizing the object/project as much as we are the resources we've put into it.
The IKEA effect is easy to put to good use at work. You can do it for your...
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1.44K reads
Negativity Bias
Is the tendency to change our thought processes and behaviors more because of negative things than we do because of neutral or positive things.
How to control it: Track your wins: record objectives attained, new ideas realized, and positive effects your work has had on the liv...
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1.94K reads
Sunk Cost Fallacy
It describes our tendency to commit to something just because we've already invested resources in it—even if it would be better to give up on it.
How to control it: Always reevaluate your processes in light of new evidence.
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1.7K reads
Optimism Bias
Is our tendency to overestimate the odds of our own success compared to other people's.
Overly optimistic predictions can be dangerous, leading us to waste time and resources pursuing unrealistic goals. In the real world of business, things don't always work out for the best, and it...
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Anchoring Effect
Is the tendency to privilege the first information we encounter, even when subsequent information turns out to be more relevant or realistic.
How to control it: Because the anchoring effect can give you blinders for specific metrics, be sure that you're always reviewing data f...
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1.59K reads
How to control the optimism bias
- Be skeptical of your own rosy expectations for your work.
- Assume projects will be more difficult and more expensive than you initially think they will.
- Don't trust your good ideas to manifest through positive thinking - be ready to fight for them.
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Cognitive biases
...are common thinking errors that harm our rational decision-making.
We don't always see things as they are. We don't simply glean information through the senses and act on it; instead, our minds give that info their own spin, which can sometimes be deceptive.
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3.5K reads
Confirmation Bias
Is the tendency to focus on new information that confirms pre-existing beliefs and trivialize anything that might challenge those beliefs.
How to control it: Seek out information that goes against your pre-existing beliefs.
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1.77K reads
Cognitive Miser Theory
We tend to put the least amount of effort possible into problem-solving.
We are apt to minimize cognitive effort and save our strength for when it's most needed. If we're not consciously engaged with the details, we're likely to take any shortcut that presents itself.
How...
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1.6K reads
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Clear Goal & Feedback
Define the goal very clearly. We can write it down in paper with clear end point or finish line i.e. there should be a clear indication of completion of the work just like submitting a project or publishing this post.
After creating a clear goal, we need a clear fee...
How to get work done today
- Create checklists by imagining the best way to complete your task in detail.
- The 2-minute rule. Take enough 2-minute tasks to create momentum. Start with anything, but end with tasks related to your intended work.
- The hour non-nego...
Mindful Journey Journal: Interrogating our Fears
Journal Journey Note : The Lovers Card
If there is one thing you have to take note of in your life about yourself is that there is positive and negative side to yourself. There is a receptive and deceptive side to yourself. Thinking negative thoughts is as good as thinking...
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