The Endowment Effect – Yours Isn’t Always Better: List of Biases in Judgment and Decision-Making, Part 3

Two weeks ago, I wrote about the pitfalls of the┬ásunk cost fallacy. Last week I alerted you to the bias of┬áloss aversion. Since I mentioned the endowment effect last week, I thought it’d be good to cover it sooner rather than later, so this week, we’ll look at the endowment effect. The endowment effect can […]

Put Down the Non-Fiction and Walk Away Slowly

I read a lot of non-fiction. I’ve written about some of the books I’ve read on here (Good to Great, The Art of War, The Art of War (again), etc.), but that’s just the tip of the iceberg. Most of the articles I share on Facebook (about 5 per day) comes from something I’d read […]