Imagine a scenario where you find yourself standing in a forest, about to meet a Russian oligarch who presents you with a life-altering opportunity. He offers you $10 million, contained within a suitcase, if you’re willing to play a game of Russian roulette....
In the fast-paced world of business and beyond, our minds have a tendency to be captivated by the halo effect—a cognitive bias that distorts our perception of reality. This phenomenon occurs when a single impressive attribute or achievement blinds us to the broader...
The human mind has a natural inclination to find patterns and causal relationships in the world around us. However, this propensity often leads us astray, blurring the lines between cause and effect. In this article, we explore the concept of false causality through...
When reading news articles, we often attribute successes or failures to individuals without considering external factors. This tendency, known as the fundamental attribution error, leads us to overestimate the influence of individuals and underestimate situational...
In the fast-paced world of auctions, where buyers compete fiercely for coveted items, the winner’s curse lurks in the shadows. Texas in the 1950s witnessed a land auction where ten oil companies vied for a lucrative piece of property. With estimates ranging from...
