To get things done, we tend to complete things we’ve time & energy in The behavioral economist’s version of Newton’s first law of motion: an object in motion stays in motion. This helps us finish things, even if we come across more and more reasons to give up. Backfire Effect… Read More »14 Biases that help us to get things done
To act, we must be confident we can make an impact and feel what we do is important In reality, most of this confidence can be classified as overconfidence, but without it we might not act at all. Actor-Observer Bias When people judge their own behavior, and they are the… Read More »19 Biases that lead us to act with confidence
To stay focused, we favor the immediate, relatable thing in front of us We value stuff more in the present than in the future, and relate more to stories of specific individuals than anonymous individuals or groups. I’m surprised there aren’t more biases found under this one, considering how much… Read More »3 Biases that help us stay focused by valuing the immediate and relatable
We favor simple-looking options and complete information over complex, ambiguous options We’d rather do the quick, simple thing than the important complicated thing, even if the important complicated thing is ultimately a better use of time and energy. Ambiguity Bias (Effect) A cognitive bias where decision making is affected by… Read More »9 Biases which affect our decision making by preferring the simpler option
To avoid mistakes, we aim to preserve autonomy and group status and avoid irreversible decisions If we must choose, we tend to choose the option that is perceived as the least risky or that preserves the status quo. Better the devil you know than the devil you do not. Decoy… Read More »6 Biases that help us avoid mistakes by preserving the status quo
