Tag: cognitive bias

red and white boat on water that is sinking sunk cost fallacy
The Sunk Cost Fallacy: How to Limit Losses in Life Choosing to stick with a failing project or staying in a bad relationship can feel like the right thing to do. You think, “I’ve already invested so much time and effort, I can’t just give up now.” But that mindset often leads to bigger losses […]
Critical Thinking: What It Actually Is, Why It’s Important Critical thinking has been a vital skill since prehistoric times. Today, it may be important for different reasons, but it’s more necessary than ever. These skills are essential to making sound personal decisions about everything from relationships to finances. But the benefit of strong critical thinking […]