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…
Tag: Decision
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,…
Rate of Improvement vs Rate of Result
Often time we hear people constantly complaining over the fact that they are not having result they have assumed for themselves even after putting more efforts than it requires. There are plenty of examples of this mental stigma we came to hear in our life till date. We are also get use to its afterwards…
Writer Pratik 