Assessing risks
Loss Aversion
Recognizing loss aversion can help you make more rational decisions about risk-taking by considering the potential gains and losses associated with various situations.
Halo Effect
Understanding the halo effect can help you make more informed decisions about risk-taking, without being swayed by the perceived trustworthiness of the people or organizations involved.
Similar Situations
Framing Effect
Evaluating risks: Understanding the framing effect can help you assess risks and benefits more objectively, leading to better decision-making.
Ishikawa Diagram
Risk management: Ishikawa Diagrams can be used to identify the root causes of risks, enabling organizations to take steps to mitigate risks.
Wardley Map
Risk Management: Identifying and mitigating potential risks and vulnerabilities.
Availability Bias
Risk Management: Don't over-prepare for highly unlikely risks while ignoring more probable ones.
Gambler's Fallacy
Assessing probabilities: Recognizing the gambler's fallacy can help you develop a more accurate understanding of probabilities in various situations, leading to better decision-making.
Sorites Paradox
Time management: Assessing task components and their relationships can help optimize time allocation.
The Ship of Theseus
Time management: Assessing task components and their relationships can help optimize time allocation.
Pain vs Boredom Experiment
Personal Reflection: Assessing the underlying causes of boredom and taking steps to address them.
DunningâKruger Effect
Hiring Employees: Avoid hiring overconfident but unskilled candidates by assessing competence beyond self-reported ability.
Monty Hall Problem
House hunting: (Topic: Deep probability Understanding) Assessing the potential appreciation of property values and the likelihood of natural disasters in different neighborhoods.