Category: Cognitive biases

We make 35,000 decisions a day

Post author By Mia
Post date February 8, 2021
Categories In Cognitive biases, Entrepreneurship, Interesting ideas, Life lessons, Productivity
No Comments on We make 35,000 decisions a day

Well, that’s the saying anyway. I have no idea how accurate this number is, but the actual number doesn’t matter. We do make decisions constantly. Starting from when we open out eyes in the morning – do I get out of bed or do I snooze for 10 minutes? Clothing. Food. Traffic. Planning. Exercise. Wordings […]

Your sunk cost fallacy is out to get you.

Post author By Mia
Post date January 17, 2021
Categories In Cognitive biases, Interesting ideas
No Comments on Your sunk cost fallacy is out to get you.

I have been re-pondering the sunk cost fallacy lately. It’s the sort of thing that can sneak up on you and influence your thinking, if you don´t keep it in check. What is sunk cost fallacy?Let’s say, you hate your job. There’s something else you much rather do.But you don’t quit, because you spend years […]