Story

Congratulations! You bought your First Car

Congratulations! You bought your First Car

You just negotiated a car purchase.
While paying up at cashier window, the cashier informs you that you got a very good deal. He further tells you that six persons who bought the same model today, paid higher price than you.
You are thrilled and you tell your wife that you are such a good negotiator but your professor tells you differently.
How does he see things differently?
Photo Adaptation https://pixabay.com/vectors/passenger-car-car-vehicle-white-car-150155/
Share on

Your Comments

Similar Stories


The mistakes we make in our everyday life

We human beings engage in thinking and decision making in our daily life. It is our ability to solve problems and choose the best course of action, which leads to better outcomes. But we also make systematic errors when we think and at times we don’t even realize. We fail to think clearly because of our emotions such as anger or fear and this leads to wrong decision making as well as avoidable harm.

These systematic errors are known as biases. We can learn, understand to notice these biases within us and around us. Once we know, then we can also take action to avoid these biases, prejudices and beliefs and act to avoid the harm. Biases are systematic and predictable errors we make.