To leap or not?
Published In: New Scientist, 2024, v. 261, n. 3482. P. 32 1 of 3
Database: Academic Search Ultimate 2 of 3
Authored By: Robson, David 3 of 3
Abstract
This article explores the concept of making important life decisions, comparing them to the game of blackjack. It discusses the dilemma of whether to stick with what we have or take a risk on something potentially better. The article highlights the cognitive biases that often prevent us from taking risks, such as loss aversion and the sunk cost effect. It suggests that psychological distancing techniques, such as imagining advising a friend or considering the decision from a future perspective, can help us make more rational choices. The article concludes that taking calculated risks and embracing the unknown can lead to greater happiness and satisfaction in life. [Extracted from the article]
Additional Information
- Source:New Scientist. 2024/03, Vol. 261, Issue 3482, p32
- Document Type:Article
- Subject Area:Social Sciences and Humanities
- Publication Date:2024
- ISSN:0262-4079
- Accession Number:176001514
- Copyright Statement:Copyright of New Scientist is the property of New Scientist Ltd. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Looking to go deeper into this topic? Look for more articles on EBSCOhost.