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Sunk Cost Bias: How It Hinders Your Life and 4 Ways to Overcome It
The sunk cost bias is a thinking trap that not only slows down personal improvement efforts, but one which can make people literally waste their whole lives on — something I’ve seen happening with...
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The Essential Guide to Effective Decision Making
Decisions shape our lives. “Should I change careers?” “Where should I live?” “How should I invest my savings?” Making decisions is a fundamental life skill, and we can all learn to become much better...
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Top 10 Thinking Traps Exposed — How to Foolproof Your Mind, Part I
Our minds set up many traps for us. Unless we’re aware of them, these traps can seriously hinder our ability to think rationally, leading us to bad reasoning and making stupid decisions. Features of...
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Top 10 Thinking Traps Exposed — How to Foolproof Your Mind, Part II
In the first part of this article, we focused on 5 traps that hinder our ability to think rationally. As a quick recap, we discussed:The Anchoring Trap: Over-Relying on First ThoughtsThe Status Quo...
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Framing Changes Everything
A young priest asked his bishop, “May I smoke while praying?” The answer was an emphatic “No!”Later, when he sees an older priest puffing on a cigarette while praying, the younger priest scolded him,...
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The Relativity Mind Trap: How Comparisons Can Lead Us Astray
Our minds make sense of the world by making comparisons. For instance, how do you tell if something is cheap or expensive when shopping? It’s mostly by comparing it with other products, isn’t it? And...
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How to Make Great Decisions in Life: Top 5 Practical Insights
Making great decisions can be tricky: there are many hidden traps and potential roadblocks you need to be aware of. Here are 5 practical, actionable insights to help you make the best possible...
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