6/1/2023 0 Comments Poor decisionsHow to Spot a Common Mental Error That Leads to Misguided Thinking: Hundreds of psychology studies have proven that we tend to overestimate the importance of events we can easily recall and underestimate the importance of events we have trouble recalling. Psychologists refer to this little brain mistake as an “illusory correlation.” In this article, we talk about a simple strategy you can use to spot your hidden assumptions and prevent yourself from making an illusory correlation.This article outlines how survivorship bias, loss aversion, the availability heuristic, anchoring, and confirmation bias sway you from making good decisions. 5 Common Mental Errors That Sway You From Making Good Decisions: Let's talk about the mental errors that show up most frequently in our lives and break them down in easy-to-understand language.The articles below outline where we often go wrong and what to do about it. In recent decades, however, researchers have uncovered a wide range of mental errors that derail our thinking. For a long time, researchers and economists believed that humans made logical, well-considered decisions. The good news is it’s not just me - or you. ![]() I like to think of myself as a rational person, but I’m not one. ![]() This page covers why we make poor decisions and discusses useful frameworks to expand your decision-making toolbox. Decision making is just what it sounds like: the action or process of making decisions. Sometimes we make logical decisions, but there are many times when we make emotional, irrational, and confusing choices.
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