7 Ways to Overcome the Sunk Cost Fallacy Mindset

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Do you often find yourself continuing on a path that doesn’t feel right, only because you’ve already invested so much time or money into it? You might strongly dislike what you’re doing, but you feel like you have to stay the course because you can’t imagine doing anything differently. If this sounds familiar, then you’re … Read more

10 Free Decision Matrix Templates to Make the Best Life Choices

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There are different ways to make decisions. To arrive at a thorough, well-thought-out choice—especially when you’re bombarded with a ton of options, someone is trying to influence the outcome of your choice, or it is a matter that will affect your whole life—you need to forego subjective methods such as listening to your gut or … Read more

Mere Exposure Effect: Definition & 5 Examples

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It is widely accepted that people resist change. Instead, people prefer to find security in familiar approaches to life–which makes sense from an evolutionary standpoint, considering humans once perceived new stimuli to be a threat to their safety. The fear of the unknown has always had a huge impact on people’s decision making. And the … Read more

85 Critical Thinking Questions to Carefully Examine Any Information

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The ability to think critically will often determine your success in life. Let’s face it. Every day, we are bombarded by news, social media updates, and an avalanche of information. If you take all of this at face value, it’s easy to be deceived, misled or ripped off. That’s why it’s important to develop a mindset … Read more

5 Ways to Use Choice Paralysis to Your Benefit

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One of my least favorite questions to hear from friends or family is: Where do you want to go for lunch? I…uh…I don’t know…I want whatever you want. With such a wide range of places to eat around here, I don’t want to commit someone else’s lunch plans to a place they don’t like just … Read more

6 Outcome Bias Examples That Can Negatively Impact Your Decisions

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Let’s say you’re ready to learn a new hobby–and since your buddies seem to enjoy their poker nights, learning how to play this game will allow you to get in on the fun. But you’ve got some catching up to do when it comes to knowing how to strategize, so you decide to take some … Read more

7 Self-Serving Bias Examples You See Throughout Life

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When something good happens, people tend to think: “I worked so hard, I’m so talented, I did a great job!” But when things go wrong, people often start taking a mental account of any external factors that could be to blame. Can you think of a time when you were quick to take credit for … Read more

5 Post Hoc Fallacy Examples (and How to Respond to This Argument)

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When I was 28, I got laid off from my favorite full-time job. I left work that day in tears, thinking my professional life was over. I felt betrayed by my colleagues, with whom I had become extremely close. My boss, a big sister of sorts, all of a sudden felt like a stranger. I … Read more

Gambler’s Fallacy: 5 Examples and How to Avoid It

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I have a good friend who recently gave birth to her fourth child, a baby boy. She and her husband waited until he was born to find out the sex of the baby, and the results came as a surprise to friends and family, as many had bet on their final child being a girl. … Read more

7 Either Or (“False Dilemma”) Fallacy Examples in Real Life

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If you’ve ever been asked if you are a Democrat or a Republican, your answer may have fallen into neither category. In fact, according to a 2018 Pew research study, 38% of those polled claimed to be Independent in their party choice, while only 31% committed to being Democrat and 26% Republican. But the original … Read more