Let's talk about 2 cognitive biases that prevent us from discovering and pursuing better alternatives in life
Just curious - is the #2 same as “Sunken ship fallacy” or? Btw great article as always!
Thanks so much! :)
They are super closely related, but a bit different.
This article I think sums it up nicely and brielfy: https://www.scribbr.com/frequently-asked-questions/difference-between-sunk-cost-fallacy-and-escalation-of-commitment/
If you're interested in biases, I think an awesome resource is Decision Lab biases index: https://thedecisionlab.com/biases-index
They cover the topic seriously and scientifically, yet easy to understand and fun.
Also, can't recommend enough Think Again by Adam Grant: https://www.goodreads.com/book/show/55539565-think-again
Thanks!! I’ll most certainly check those out ☺️
Btw I mistyped 😂 Sunken cost, not ship lol. That’s what happens when you wake up at 5AM lol
Ha! No worries – and I was surprised someone was awake so early and reacted to the newsletter :)
P.S. Thanks so much for reading and insightful comments!
Yeah, benefits of having hyperactive kiddo 😂
Just curious - is the #2 same as “Sunken ship fallacy” or? Btw great article as always!
Thanks so much! :)
They are super closely related, but a bit different.
This article I think sums it up nicely and brielfy: https://www.scribbr.com/frequently-asked-questions/difference-between-sunk-cost-fallacy-and-escalation-of-commitment/
If you're interested in biases, I think an awesome resource is Decision Lab biases index: https://thedecisionlab.com/biases-index
They cover the topic seriously and scientifically, yet easy to understand and fun.
Also, can't recommend enough Think Again by Adam Grant: https://www.goodreads.com/book/show/55539565-think-again
Thanks!! I’ll most certainly check those out ☺️
Btw I mistyped 😂 Sunken cost, not ship lol. That’s what happens when you wake up at 5AM lol
Ha! No worries – and I was surprised someone was awake so early and reacted to the newsletter :)
P.S. Thanks so much for reading and insightful comments!
Yeah, benefits of having hyperactive kiddo 😂