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Old bike is sold !

Old bike is sold !

David agrees to buy Alex's old bike at $8,000.
David pays $400 as token money to Alex and agrees to pay balance money in next 7 days upon bike delivery.
Alex is in fix, when Newton offers $11,000 for the same bike. What should Alex do?
Photo Adaptation : https://pixabay.com/photos/yamaha-motorcycle-biker-motorbike-8057245/
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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.