Distinction bias - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Distinction bias

Is the tendency to over-value the effect of small quantitative differences when comparing options.

For example: we think a 1,200 square foot home will make us happier than a 1,000 square foot home. We think earning $70,000 a year will make us happier than earning $60,000 a year.

Mostly encountered in when we are in the situations of buying something new.

STASHED IN:

69

MORE IDEAS FROM THE SAME ARTICLE

  • Don’t compare options side by side: In comparison mode, we end up spending too much time playing “spot the difference.” Instead, evaluate each choice individually and on their own merit.
  • Know your “Must-Haves” before you look for something to buy: that way, you won't ge...

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

  • Empathize with your future self: You put things off to future you because it’s easy to assume that future you has boundless energy and motivation. Unfortunately, that perfect vision is not real.
  • Pre-commitment: You increase your chance of success by removing a temp...

STASHED IN:

97

The peak-end rule

Is a cognitive bias that impacts how people remember past events. 

We don’t remember experiences accurately. Rather, we tend to recall the highlights and how things end. This applies for both positive and negatives experiences.

3

STASHED IN:

58

Confirmation bias

Is the human tendency to seek, interpret and remember information that confirms pre-existing beliefs. 

It affects every choice you make and it all happens in the background without you noticing.

1

STASHED IN:

103