Sunk cost fallacy involves continuing investments due to past costs, not future benefits. Recognize irrational holding by setting pre-determined exit points for investments. Regularly review ...

Have you ever encountered a subpar hotel breakfast while on holiday? You don't really like the food choices on offer, but since you already paid for the meal as part of your booking, you force ...

What do governments, businesses and individuals have in common? They’ve all invested time and money in forecasting how long a project will take to complete. Despite the forecasting, every one of them ...

Narrative fallacy is a term introduced by Nassim Taleb [1]. It refers to our difficulty looking at a sequence of facts without connecting them in some way, either to each other or to something else we ...

We often move through life believing that happiness, calm, peace, and fulfillment are waiting for us just beyond the next milestone. I fell into this trap often in undergraduate and graduate school. I ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...