As our Island of knowledge grows, so does the shores of our ignorance.-John Wheeler My Refined Version: “As our domain specific knowledge grows. So does the ignorance of other domain’s shores”. As island grows, Line of its boundaries expands. Larger the boundaries are, It is exposed to more new surface area. Same way, As our…
Category: Decision Making
How do we make decisions?
Decision making is definitely the most important skill in age of endless choices, But how we make decisions? Have we ever wonder about it? By large there are two ways people make decisions. Based on Comfort and Convenience. Based on Value of Anything. At first glance all of us feel we know it and we…
An Important question to ask ourselves.
Few weeks back, One of my friend asked me, “What is the most important asset you have in your life”? “Calm Mind” I replied. Because i am very clear about my life and what is most important to me. On an individual level there is four pillar of requirement i have for myself. 1. Happiness…
Sunk Cost Fallacy
When I finished my computer science engineering, the conventional track for me was to go for masters in that field or settled into suitable job. But suddenly I changed my mind and decided to shift entire stream of career because of only one reason, “I was not into it wholeheartedly”. I don’t have any reason…
Availability Bias
It was confusing for me to choose any one definition over other two, so I am putting all three here. We are prone to make judgement based on what is easily available to our memory. We make theories and assumptions based on what comes easily in our mind. If something comes in our mind frequently,…
Writer Pratik 