Escaping The Sunk Cost Trap: How Behavioral Economics Can Improve Your Daily Decisions
It’s hard to imagine utilizing behavioral economics to make better decisions in everyday life—but it's possible.
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It’s hard to imagine utilizing behavioral economics to make better decisions in everyday life—but it's possible.
Proportionality bias is the tendency to attribute significant events to equally significant causes. This bias often fuels conspiracy theories, as people assume that major events must have been orchestrated by a grand force. Unladylike, a feminist lifestyle podcast, explores this phenomenon in an episode titled "Magical Overthinking." Host Cristen Conger and guest Amanda Montell delve into contemporary irrationality, discussing topics like the sunk cost fallacy and the halo effect. Montell's book, "The Age of Magical Overthinking," offers insightful perspectives on navigatin...
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