Learn more about personaldevelopment with this collection
How to communicate effectively with difficult people
How to handle conflict
How to stay calm under pressure
How to counter sunk-cost?
Think that you haven’t invested anything in that project so far, that someone gave it to you. Would you continue it? No? Then close it.
Don’t seek the advice of someone who was involved in the initial decision. They are as biased as you are. Ask a new person.
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What is sunk cost effect?
To create a product or a service that is no longer needed, but you keep spending money, time, and effort on other features, hoping that maybe you can rescue it? This thing is known as “throwing good money after bad” and economists call it the “sunk cost effect”.
Sometimes, ...
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CURATED FROM
CURATED BY
I teach Thinking and Deciding in Business for multiple schools in Romania and abroad. On top of that, I am an angel investor, a trainer and I run marathons, often dressed as Mickey Mouse.
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Outside perspective
If I had to give advice across many aspects of life, I would ask people to take what’s called “the outside perspective.” And the outside perspective is easily thought about: “What would you do if you made the recommendation for another person?” And I find that often when we’re recommending someth...
How To Approach Risky Decisions
- Stop And ask why: Weigh the risk-reward ratio before taking action.
- Seek advice from someone neutral: Seek a mentor who can give unbiased advice on your plan of action.
- Winning is not enough: Achieving an end goal feels sh...
How To Get Lively Conversation Going With People you've just met
Anything up close looks larger than when it is at a distance. This is true for both experiences and objects.
When you meet someone you know next to nothing about him. With very little effort however you can find out some trivial facts about his day. Questions about someone's last few hours ...
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