Bad Analysis: 10 reasons people make stupid decisions - The Diigo Meta page

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  This is old but worthy: "10 reasons people make stupid decisions" http://bit.ly/mP4C4o #wise

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  • Have you ever wondered why most of the people you know (and probably your elected representatives) insist on making dumb decisions when they are so clearly wrong? Below are ten reasons that they act like idiots without even knowing it. And as they say in poker, if you can't spot the sucker at the table, then it's probably you...
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  "Have you ever wondered why most of the people you know (and probably your elected representatives) insist on making dumb decisions when they are so clearly wrong? Below are ten reasons that they act like idiots without even knowing it. And as they say in
  

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  • 1. He's just a moron. (attribution error)
  • 3. If everybody else think so… (conformity)
  • 2. Lets go hard 8! (illusion of control)
  • 4. Watch out for sharks. (availability bias)
  • 5. Mine mine mine! (endowment effect)
  • 7. That’s easy. (overconfidence)
  • 6. I’m #1! I’m #1! (dysfunctional competition)
  • 9. Me me me! (egocentric bias)
  • 8. That just proves my point. (confirmation bias)
  • 10. We’ve come this far… (sunk cost bias)

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  Have you ever wondered why most of the people you know insist on making dumb decisions when they are so clearly wrong? Below are ten reasons that they act like idiots without even knowing it.

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  Have you ever wondered why most of the people you know insist on making dumb decisions when they are so clearly wrong? Here are ten reasons that they act like idiots without even knowing it.

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Page Comments

• 
  Chris Harbert on 2006-10-09
  A top ten list of reasons people make bad decisions.

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