West Loop Financial LLCUse Life Hacks to Minimize Bad Decisions – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Use Life Hacks to Minimize Bad Decisions https://www.westloopfinancial.com/2015/10/12/use-life-hacks-to-minimize-bad-decisions/ https://www.westloopfinancial.com/2015/10/12/use-life-hacks-to-minimize-bad-decisions/#respond Mon, 12 Oct 2015 09:00:37 +0000 http://evolvemypractice.com/?p=2231 A few years ago, a friend of mine who happens to be a really well-known journalist had a conversation with a really well-known academic. Because the conversation was private, I’m not mentioning names. But I did want to share one fascinating part of their discussion. They were talking about cognitive biases. A cognitive bias is...

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]]> A few years ago, a friend of mine who happens to be a really well-known journalist had a conversation with a really well-known academic. Because the conversation was private, I’m not mentioning names. But I did want to share one fascinating part of their discussion.

They were talking about cognitive biases. A cognitive bias is a mistake we make because of a hole in our thinking. It’s a sort of mental blind spot; a lot of the time we don’t even know we’re doing it. My friend, knowing the effect of these mistakes on our lives, wanted to know if knowing about these biases could be enough to change behavior.

Read the rest of the article on The New York Times.

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