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5 Cognitive Biases That Have Kept You From Achieving Full Potential

5 Cognitive Biases That Have Kept You From Achieving Full Potential

We like to think of ourselves as smart, rational, logical people who make good decisions. But in reality, we sometimes have poor judgment and make really bad choices. Every day, we have cognitive biases that influence our thinking. Why should we care? These biases have a major influence on the decision making process.

We have hundreds of cognitive biases, and some keep us from achieving our full potential. Psychologists have been researching them for decades. Here are some of the biases that could be holding you back:

1. The Current Moment Bias

This bias feeds the immediate gratification effect. We would much rather have pleasure now and save pain for later. If you have ever indulged in unhealthy food choices while trying hard to lose weight, or tend to overspend money instead of saving for the future, you have been victim of the current moment bias.

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What to do:

  • When you want to make a big purchase, wait for a predetermined amount of time before you purchase the item. This will help you avoid splurging on things you don’t love. For example, plan to wait one week for purchases that amount to $100 and one month for purchases $1000 or more.
  • Plan healthy meals ahead of time so you are less likely to chow down on junk food when you walk in the door from work. Decide in advance what you’ll order at restaurants to avoid making unhealthy spur-of-the-moment dinner choices.

2. The Confirmation Bias

The confirmation bias, according to Science Daily, is a tendency to search for or interpret information in a way that confirms your preconceptions. This can hold you back from achieving full potential, because being closed-minded can limit your ability to learn, grow, and improve yourself and your life.

What to do:

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  • Be open to other points of view and new possibilities. Be aware that you have certain beliefs, and be willing to evaluate your belief systems objectively.

3. The Framing Effect

Framing information, either positively or negatively, can have a huge impact on how it is received.

Here’s an example of the framing effect in an article by Sam McRoberts:

  • Doctor A: “With proper treatment, you have an 80 percent chance of a full recovery.”
  • Doctor B: “There’s a 20 percent chance that you’ll die after being treated for this illness.”

Although Doctors A and B are providing the same information, they are presenting it differently, which can greatly affect patients’ perceptions. An 80 percent change of recovery sounds much better than a 20 percent chance of dying.

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How does this hold you back? When information is presented to you either positively or negatively, it can cause you to make poor decisions.

What to do:

  • Be aware of how information is presented to you in order to persuade you to take a certain action.
  • Look at both sides of statistics. For example, if you are told “this meat is 90% lean,” be aware that it is the same as hearing “this beef is 10% fat.”
  • Consider how you present information to others.

4. The Bandwagon Effect

The bandwagon effect is when we follow the actions or beliefs of a large group of people. According to Dr. Mohammed Ali N M, we do this either because we desire to conform, or because we receive our information from others. The bandwagon effect can hold us back at times when we follow trends and fads without doing our research.

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What to do:

  • Put careful thought into your decisions, and don’t jump into something just because “everyone else” tells you to.

5. The Projection Bias

The projection bias describes our assumption that other people think like we do. We tend to overestimate how common our thoughts and beliefs are. We assume that our way of thinking about things is common among the majority. This can hold us back significantly in life because it causes us to believe we know exactly what people want. We tend to assume we know the priorities, motivations, attitudes, and beliefs of others, when in reality we don’t. This can affect us negatively in relationships in our personal lives and in our careers.

What to do:

  • Make a point of asking people questions instead of assuming they think like you do.

Simply being aware of these biases can help you live a better life. Each day, we make thousands of decisions, and realizing the biases that affect your judgment can help you make better informed, well-thought decisions.

Featured photo credit: The Thinker / Dan McKay via flickr.com

More by this author

Dr. Kerry Petsinger

Entrepreneur, Mindset & Performance Coach, & Doctor of Physical Therapy

Feeling Stuck in Life? How to Never Get Stuck Again How to Find the Purpose of Life and Start Living a Fulfilling Life Don’t like your job? Here are some solutions. How People Make Decisions That Are Bad For Them How to Have a Successful Career and a Fulfilling Personal Life

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Last Updated on February 13, 2019

10 Things Happy People Do Differently

10 Things Happy People Do Differently

Think being happy is something that happens as a result of luck, circumstance, having money, etc.? Think again.

Happiness is a mindset. And if you’re looking to improve your ability to find happiness, then check out these 10 things happy people do differently.

Happiness is not something ready made. It comes from your own actions. -Dalai Lama

1. Happy people find balance in their lives.

Folks who are happy have this in common: they’re content with what they have, and don’t waste a whole lot of time worrying and stressing over things they don’t. Unhappy people do the opposite: they spend too much time thinking about what they don’t have. Happy people lead balanced lives. This means they make time for all the things that are important to them, whether it’s family, friends, career, health, religion, etc.

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2. Happy people abide by the golden rule.

You know that saying you heard when you were a kid, “Do unto others as you would have them do to you.” Well, happy people truly embody this principle. They treat others with respect. They’re sensitive to the thoughts and feelings of other people. They’re compassionate. And they get treated this way (most of the time) in return.

3. Happy people don’t sweat the small stuff.

One of the biggest things happy people do differently compared to unhappy people is they let stuff go. Bad things happen to good people sometimes. Happy people realize this, are able to take things in stride, and move on. Unhappy people tend to dwell on minor inconveniences and issues, which can perpetuate feelings of sadness, guilt, resentment, greed, and anger.

4. Happy people take responsibility for their actions.

Happy people aren’t perfect, and they’re well aware of that. When they screw up, they admit it. They recognize their faults and work to improve on them. Unhappy people tend to blame others and always find an excuse why things aren’t going their way. Happy people, on the other hand, live by the mantra:

“There are two types of people in the world: those that do and those that make excuses why they don’t.”

5. Happy people surround themselves with other happy people.

happiness surrounding

    One defining characteristic of happy people is they tend to hang out with other happy people. Misery loves company, and unhappy people gravitate toward others who share their negative sentiments. If you’re struggling with a bout of sadness, depression, worry, or anger, spend more time with your happiest friends or family members. Chances are, you’ll find that their positive attitude rubs off on you.

    6. Happy people are honest with themselves and others.

    People who are happy often exhibit the virtues of honesty and trustworthiness. They would rather give you candid feedback, even when the truth hurts, and they expect the same in return. Happy people respect people who give them an honest opinion.

    7. Happy people show signs of happiness.

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    smile

      This one may sound obvious but it’s a key differentiator between happy and unhappy people. Think about your happiest friends. Chances are, the mental image you form is of them smiling, laughing, and appearing genuinely happy. On the flip side, those who aren’t happy tend to look the part. Their posture may be slouched and you may perceive a lack of confidence.

      8. Happy people are passionate.

      Another thing happy people have in common is their ability to find their passions in life and pursue those passions to the fullest. Happy people have found what they’re looking for, and they spend their time doing what they love.

      9. Happy people see challenges as opportunities.

      Folks who are happy accept challenges and use them as opportunities to learn and grow. They turn negatives into positives and make the best out of seemingly bad situations. They don’t dwell on things that are out of their control; rather, they seek solutions and creative ways of overcoming obstacles.

      10. Happy people live in the present.

      While unhappy people tend to dwell on the past and worry about the future, happy people live in the moment. They are grateful for “the now” and focus their efforts on living life to the fullest in the present. Their philosophy is:

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      There’s a reason it’s called “the present.” Because life is a gift.

      So if you’d like to bring a little more happiness into your life, think about the 10 principles above and how you can use them to make yourself better.

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