Balance your biases to make better decisions.
Instructions
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Look up the graves of once-promising projects, investments, and careers.
Confront yourself that even though you can't see it, there is a failure. -
Regain your skepticism.
Consider it a pure chance at first if you think you have found a pattern. Find a mathematician and have the data statistically tested if it seems too good to be true. -
Question the crowd.
As the novelist W. Somerset Maugham put it: “If 50 million people say something foolish, it is still foolish.” -
Forget about the costs you’ve already paid.
No matter how much you have already spent, only your estimation of future costs and benefits will be considered. -
Refuse free offers.
Marketing uses Reciprocity in a way that they give you something first and then ask you to donate or to pay for something in exchange for their offer. -
Seek disconfirming evidence.
Write down your main beliefs and try to find contradicting information. -
Take into account the possible authority influence on you when making a decision.
Consider which authorities might be influencing your decision-making. Do your best to challenge them when you come across one.