When we are presented with evidence against a pre-existing belief that we had, we sometimes reject the evidence and hold the belief even more strongly.
Published on 8 months ago
When doing stock investing, we tend to sell off stocks that do well/increase in price - and keep the stock that is performing poorly.
Published on 8 months ago
We want to keep a thing we own more than we want to get the same thing when we don't own it.
Published on 8 months ago
We remember things better if our own mind makes it up rather than when we just read it.
Published on 8 months ago
When we get negative feedback for an outcome we are invested in, we increase effort towards it instead of altering course.
Published on 8 months ago
We think of an outcome as certain - but in reality if we zoom out, it would be part of a multi-step process - which in entirety is not certain.
Published on 8 months ago
People generally put in more investment into a failing thing to win back the investment that has already gone in.
Published on 8 months ago
We want to finish a unit of anything we are consuming - we don't want to stop in the middle.
Published on 8 months ago
We prefer to eliminate risks **completely** in a smaller part rather than reduce overall risk even if the second option reduces risk to a greater extend.
Published on 8 months ago