Awareness of our biases - Deepstash

Awareness of our biases

  • If you think you won't fall for a hot state, you might rely on your restraint bias - the bias that makes you overestimate your ability to resist impulsive behaviour.
  • If you think because you've been so good by limiting yourself, you deserve a little bit of indulgence, that's moral licensing.
  • You may have to be careful of the bandwagon effect, where you jump in and spend like the rest because all the cool kids are doing it.

But when we are aware of these biases, we can use the opportunity for self-agency.

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lolaf

"You have to go broke three times to learn how to make a living." ~ Casey Stengel

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