BraincraftHow to Make Better Decisions (with science)
2019 • E17 Sep 29, 2019 5m
Original Title: This One Thing Ruins Your Decisions
What's the one thing that can ruin your decision making abilities? It's sunk cost bias, where we are more likely to choose something we’ve invested time or money in, even if it’s not the best decision for our future wealth or happiness. I'm trying to improve my decision making, and I hope these psychology tips will equip you to make better decisions in your life.
What's the one thing that can ruin your decision making abilities? It's sunk cost bias, where we are more likely to choose something we’ve invested time or money in, even if it’s not the best decision for our future wealth or happiness. I'm trying to improve my decision making, and I hope these psychology tips will equip you to make better decisions in your life.