Restaurant choices
Monty Hall Problem
Topic: Deep probability Understanding - Selecting where to eat based on the probability of having a positive dining experience, considering factors like food quality and customer reviews.
Similar Situations
Bandwagon Effect
Dining choices: Recognizing the bandwagon effect can help you make more informed decisions about where and what to eat, considering your own tastes and dietary needs rather than being swayed by popular restaurant choices.
Decoy Effect
Menu choices: Recognizing the decoy effect can help you select dishes at a restaurant without being swayed by strategically placed, less attractive options.
Ikigai
Environmental choices: Pursuing your Ikigai can encourage you to make environmentally conscious choices that align with your values and contribute to a better world.
Correlation-Causation Fallacy
Dietary choices: Knowing the correlation-causation fallacy can help you evaluate the effectiveness of certain diets or food choices without jumping to conclusions based on correlational data.
Peak-End Rule
Restaurant dining: Choosing dishes with exceptional flavors or presentations and ending the meal with a delightful dessert to enhance the overall dining experience.
Three R's of Growth
Restaurant Business: Build loyalty with regular diners through personalized service or rewards programs, encourage word-of-mouth referrals, and ask satisfied customers to leave positive reviews online.
Osborne Effect
Restaurant menu updates: Introducing new menu items without negatively impacting the sales of existing dishes.
Confirmation Bias
Educational choices: Recognizing confirmation bias can help you choose the most appropriate courses or degrees by evaluating diverse perspectives and information.
Framing Effect
Educational choices: Being aware of the framing effect can help you make more informed decisions about courses, degrees, or schools.
Loss Aversion
Career choices: Knowing loss aversion can help you avoid being overly cautious when considering job offers or promotions due to the fear of losing current stability.