Story
Let us make a deal
You have been invited to a TV game show - "Make a Deal”.
If you are lucky, you can win a car.
In this show, the host asks the participant to pick one option from a choice of three doors. Behind one door there is a car and behind the other two doors - either it is a sheep or nothing.
In the game show, after you have chosen a door out of three doors. The host opens a door out of the remaining two doors. To your luck, the host chosen door has nothing behind it.
How lucky! Now the host offers you to stick to your first chosen door or switch to the other unopened door. You need to decide.
Choose your option now. Will you stay with your initial option or switch to the unopened door, after the host opens another door with nothing behind it?
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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.
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