• Sunk Cost Fallacy
You keep doing something because you've already spent time or money on it.
Like eating more dessert even when you're full because you paid for it.
• The Halo Effect
When you like one thing about someone, you start to think everything about them is good.
This one can be a challenge for people who become very good in one area of life and automatically think they're great in other areas.
• Gall's Law
A complex system that works is invariably found to have evolved from a simple system that worked.
Great things start simple, like learning to crawl before you walk and then run.
• Pareto Principle
80% of your results will come from 20% of your efforts.
For example, you'll get 80% of your kid's room clean by just picking up the toys.
• Hofstadter's Law
In contradiction to Parkinson's Law, this one says things usually take longer than we think.
If you think you'll finish your homework in an hour, it might actually take two hours.
Often, the last 10% of a task takes as much time as the first 90% did.
• Sagan's Razor
Extraordinary claims require extraordinary evidence.
The weight of proof rests with the person making a claim, and the more unusual the assertion, the more substantial the evidence needed.
You should ask for solid proof if someone says they saw a unicorn.
• Occam's Razor
The easiest answer is often the right answer.
Don't complicate your thinking when you don't need to.
If you hear a meowing sound under the sofa, it's probably the cat, not a hidden speaker playing cat sounds.
The Journey from Data to Wisdom in Life:
1. Data: 🌱
- Foundation: Gather raw facts about life—who, what, when, and where.
- Application: These are the building blocks of your experiences.
2. Information: 📚
- Context: Understand how these facts relate to each other.
- Application: Use this understanding to see the patterns and connections in life’s events.
3. Knowledge: 🧠
- Insight: Learn the "how"**—apply information to develop skills and understanding.
- **Application: Translate this into actionable insights and practical solutions.
4. Wisdom: 🌟
- Mastery: Seek the "why"**—discern the deeper meaning and purpose behind actions and outcomes.
- **Application: Make decisions with clarity and foresight, guided by deep understanding and reflection.
• The Streisand Effect
When you try to hide something, it often gets more attention.
If you spill juice and hide it with a rug, people will probably notice the rug and find the spill.
When you censor someone, you actually highlight them.
• Chesterton's Fence
Don't change something until you understand why it's there.
Don't take down a fence in your yard until you learn what it's keeping out.
• Hawthorne Effect
When people know they're being watched, they work harder.
Like cleaning your room faster when your mom is watching.
When you want to perform at your best, set up a friend to work side by side with you to keep you accountable.
• Dunning-Kruger Effect
Unskilled Individuals overestimate their ability and experts underestimate their ability.
When you first learn something, you may think you're an expert even though you're not.
Like all the people online who become "experts" on every topic of the day.
• Eisenhower's Matrix
Dwight Eisenhower was the definition of PRODUCTIVE and once said:
“I have two kinds of problems, the urgent and the important. The urgent are not important, and the important are never urgent.”
Stephen Covey repackaged it as the Eisenhower Matrix:
• Anchoring Bias
The first thing you learn or see (the "anchor") influences what you think next.
Like guessing a jar has 30 candies because the first person guessed 25, when there really are 100.
• Parkinson's Law
Work expands to fill the time available for its completion.
Setting tighter deadlines gets tasks done more quickly and efficiently.
If you have one day to clean your room, it will take one day. You'll probably get it done in one hour if you have one hour.
• Hanlon's Razor
Don't attribute to malice what you can attribute to stupidity.
If your little brother colors on your homework, it's probably not because he hates you.
It's more likely he didn't know how important your homework was.
A “Razor” is a rule of thumb that simplifies decision making.
Here are 16 Razors every person should know:
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