Emergency preparedness: Knowing pessimism bias can help you prepare for emergencies without becoming overly anxious or fearful of potential disasters.

Emergency preparedness: Knowing optimism bias can help you prepare for emergencies, such as natural disasters or power outages, without assuming that you won't be affected.

Budgeting: Setting achievable financial goals can lead to better budgeting and savings.

Budgeting: Recognizing the gambler's fallacy can help you avoid making financial decisions based on recent spending patterns or income fluctuations.

Budgeting: Applying DFS to review and adjust one area of your budget, like discretionary spending or debt repayment, before moving on to the next can lead to a more effective financial plan.

Crisis Management: Handling emergencies with calm metacognition and structured thinking.

Financial planning: Budgeting and allocating resources to meet different levels of personal needs.

Studying for Exams: Students who feel overconfident after skimming material can recognize the need for deeper learning.

Therapeutic Activities for Seniors: Caregivers and activity directors can plan age-appropriate activities for senior citizens.

Budgeting: Be mindful of the first number proposed in budget discussions and make sure it's based on actual needs and not just the anchor.