Think critically………embrace the challenge!
We are what we repeatedly do — Aristotle.
This workshop got me thinking. I began researching different biases and could connect with many of them. The list was endless… ambiguity effect, blind-spot bias, belief bias, negativity bias, the ostrich effect.
I am sure that I have demonstrated these biases many times. But after attending this workshop, I became cautious and began watching my thoughts and actions. When I read about the denomination effect, where people are less likely to spend larger bills than their equivalent value in smaller bills, I could immediately connect to it and caught myself demonstrating it. I also recall spending plastic money more easily than hard cash; the value being the same.