Archive for the 'Psychology' CategoryPage 2 of 2

Sunk Cost Bias: How It Hinders Your Life and 4 Ways to Overcome It

Sunk Cost Bias

The sunk cost bias is a thinking trap that not only slows down personal improvement efforts, but one which can make people literally waste their whole lives on — something I’ve seen happening with disturbing regularity. The good news is that, like most thinking traps, the biggest step you can take to overcome it is by simply becoming aware of it.

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Overcoming Procrastination by Avoiding ‘Have To’s

Overcoming Procrastination Avoiding 'Have To's

Procrastination is probably the single biggest success killer out there, as it affects everyone to some degree or another.

At first sight, it may seem something simple to get rid of, but telling a chronic procrastinator to just get on with it is like telling a heavy smoker to just stop: it just doesn’t work that way.

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