Do you believe that after several rainy days, the sun is bound to come out tomorrow? Or if a sports team has had a few wins in a row, then they could be due for a loss. Ever noticed patterns in random events and considered them to help you make predictions? Learn about the Gambler’s … Read more
Let’s say you are asked to choose which of these statements is more likely to be true: What would your choice be? Your choice will help determine if you can overcome the conjunction fallacy. Learn about the cognitive bias known as conjunction fallacy and how you can avoid it in your life. Understanding the Conjunction … Read more
From politics to personal relationships, we often try to boil complex situations down to one root cause. In our quest for answers, it’s tempting to latch onto one explanation and ignore everything else. Is it not? We all want to understand why things happen, and if things dont turn out the way we want, we … Read more
Found yourself in a situation where you repeatedly make poor decisions and later realize that you have wasted time and money on something? Have you heard of military projects where significant funds are being invested, but the continued investment may not lead to desired outcomes? Welcome to the fallacy of sunk cost! Learn about the … Read more
The journey to success is rarely smooth, but when faced with obstacles on the path to our goals, how do we maintain motivation and avoid becoming discouraged? It is common to believe that things will have to get worse before they can improve. But is this always true? This idea that things will get worse … Read more
Are you a student juggling countless tasks, trying to get ahead of the game, and ensuring you don’t miss any deadlines? Or maybe you’re a consumer who can’t seem to stick with a budget even though your resources are plentiful. Does this sound anything like you? Then, you are being led by the planning fallacy. … Read more