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016: How to Make Better Decisions: Sunk Cost Bias

016: How to Make Better Decisions: Sunk Cost Bias

FromThe Intentional Advantage


016: How to Make Better Decisions: Sunk Cost Bias

FromThe Intentional Advantage

ratings:
Length:
21 minutes
Released:
May 2, 2017
Format:
Podcast episode

Description

We sometimes invest so much time, money, energy and more into something. Whether it be a project, a person or a simple task, it can be hard to admit that it’s just not working out and producing the results you want and need. This is called sunk cost bias, and in this episode I’ll be explaining how it creates a vicious cycle and what questions you need to ask yourself to know whether to keep going in your investments or to start over.   What’s In This Episode: How sunk cost bias influences bad decisions. How fear of failing and being wasteful makes you lose sight of your goals. The easy mindset shift to reverse sunk cost bias. An accounting technique that will help you justify and allocate your time. To get your free download "Five Minutes to Peak Productivity" go to inkwellpress.com/podcast
Released:
May 2, 2017
Format:
Podcast episode

Titles in the series (100)

We all have 168 hours in a week, so why is it we feel we don’t have the time to focus on the things that matter most? It’s not you - it’s the systems that are failing. Productivity Paradox is a weekly podcast specifically designed to give you ACTIONABLE strategies and exercises to help you create a life centered around YOUR own personal PRIORITIES. Tonya Dalton is a leading expert in harnessing your productivity and streamlining systems to help you discover the strategies that work for YOUR life. Through time proven tactics, you can discover your own customized productivity system and achieve life changing results in business, relationships and personal growth.