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Recession is coming!!
You plan to sell a property. You list your property in the market. Even after few months, you are unable to find a buyer. This is a recession time and infact there are no buyers.
Finally a buyer agrees to pay the asking price set by you. You are glad that finally you will be able to sell the property at your price.
However the buyer informs you that he will pay you only when his own property is sold.
How will you respond to this offer?
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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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