Real estate transactions
Anchoring
Recognize that the listed price is an anchor and consider market data to make informed decisions.
Similar Situations
Osborne Effect
Personal investments: Timing investment decisions, such as purchasing stocks or real estate, by considering the potential impact of upcoming developments.
Maslow's Hammer
Personal finance: Considering diverse investment options, like stocks, bonds, or real estate, instead of only putting money in a savings account.
Three R's of Growth
Real Estate Agent: Maintain relationships with past clients through regular follow-ups, ask them to refer you to their friends and family, and collect online reviews to establish your credibility.
McGurk Effect
Interpreting Services: Being aware of the McGurk Effect when translating spoken language in real-time.
SWOT Analysis
Meal Planning: Analyzing the strengths (cooking skills), weaknesses (limited time), opportunities (new recipes to try), and threats (possible ingredient shortages) can enhance meal planning.
Depth-First Search
Meal planning: Using DFS to plan a full week's worth of meals for one dietary preference or cuisine before considering alternatives can help streamline the meal planning process.
The Four Chronotypes
Meal Timing for Better Digestion: Lions should eat an early dinner, while Wolves do better with a later meal.
Placebo Effect
Mood Enhancement: Employing positive affirmations and visualization to elevate mood and emotional state.
Monty Hall Problem
Queuing: (Topic: Deep probability Understanding) Choosing the fastest line at grocery stores, banks, or airport security based on the number of people and their transaction times.
Pain vs Boredom Experiment
Stress Management: Identifying healthy coping strategies to deal with boredom without resorting to self-harm.