Tools, practices and methods
The world is full of amazing tools that may be perfectly suited to accelerate our journey, but often we only discover them through chance encounters, and can lose years being stuck in sub optimal loops.
Our endeavor is to catalog a growing list of tools and eventually match them to you based on your context.
The Framing Effect
The framing effect is a cognitive bias that highlights how individuals react to the context or presentation of information rather than the information itself. The framing of a decision can influence people's perceptions, judgments, and choices. This concept has significant implications for decision-making in various areas, such as finance, health, and public policy.
Status Quo Bias
Status quo bias is a psychological inclination where individuals exhibit a preference for maintaining the current state of affairs, often resisting changes even when objectively advantageous alterations are available. It manifests as a tendency to favor familiarity and comfort over potential improvements.
Sunk Cost Fallacy
The Sunk Cost Fallacy is a cognitive bias where individuals continue to invest in a decision or project based on the cumulative prior investment (sunk costs), even when it is not rational to do so. In other words, people may feel compelled to continue with a course of action because of the resources they have already invested, even if the future benefits are unlikely or the costs outweigh the benefits.
Help us build this list, please suggest any tool / method or practice that you know.