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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 5 Signs You’re Ready for a Career Change 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

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Last Updated on July 10, 2020

How to Reinvent Yourself and Change Your Life

How to Reinvent Yourself and Change Your Life

There will always be times in your life when you may need to learn how to reinvent yourself. This could come when you experience a big change, such as leaving your job, moving on from a relationship, transferring to a new home, or losing a loved one. If you are going through a major shift in your life, you may have to find new ways of thinking or doing things, or risk failing to reach your full potential.

“When something bad happens, you have three choices. You can let it define you, let it destroy you, or you can let it strengthen you.”

Many people who dared to leave their old unhappy lives enabled themselves to pursue their passions and find a renewed zest for living. You can also achieve the same if you take a leap of faith and make things happen for yourself.

To help you always be at your best wherever you may be in your life, here are some practical tips on how to reinvent yourself.

The Reinvention Checklist

Before embarking on a journey of self-reinvention, you need to make sure that you have everything that you need to make the trip bump-proof. These things include:

Resilience

Problems and obstacles are guaranteed to happen. Some of them will be difficult and may knock you off course; the important thing, however, is that you learn from these difficulties, never lose focus, and always get back up. This requires building resilience to get through the tough times.

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Support

Humans are social beings. Although it is important that you learn to rely on yourself when facing any challenge, it is also important to have a support team that you can lean on to give you a boost when things get too tough and to correct you when you’re making mistakes.

The key is to find the right balance between independence and dependence. Don’t be afraid to be vulnerable and share the difficulties you’re facing. When you open up, you’ll find the people who are really going to be there for you.

Self-Care

During the process of learning how to reinvent yourself, you will have to pull yourself away from your old comfort zones, habits, roles, and self-perceptions. This can be difficult and cause you to question your self-worth, so it’s important to engage in self-care to maintain a positive outlook and keep your mind and body healthy as you face the challenges that await you. Self-care can include:

  • Participating in a hobby you enjoy
  • Spending time with your support system
  • Taking some time to walk in nature
  • Practicing loving-kindness meditation

Find what works for you and what helps you feel like your true self as you seek a reinvented version of you.

How to Reinvent Yourself

Once you’re sure that you’re equipped with all the tools in the self-reinvention checklist, you can begin your journey of learning how to reinvent yourself.

1. Discover Your Strengths

This step provides valuable information on how you deal with certain situations. If you have this information, you will be able to manage difficulties more efficiently.

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To find out what your strengths are, you can ask your friends and colleagues for feedback, engage in self-reflection, or try these 10 Ways to Find Your Own Personal Strengths.

2. Plan

This step calls for a thorough assessment of your current emotional, psychological, and financial status so that you can develop plans that are realistic and practical.

It’s okay to have ambitious dreams, but your plans have to be realistic. Making use of SMART goals can help you plan your life better.

You can also consult your mentor or life coach for practical tips and advice.

Ultimately, you’ll want to create specific long-term and short-term goals that you can create milestones for. By doing this, you’ll lay out a specific roadmap to your reinvented self.

3. Try Things Out

Sometimes, we don’t know if solutions actually work until we try them out. This is why it is important to experiment whenever possible, especially if you’re dealing with a career change. You may need to simply experiment in order to find the things you like. This can be the same with hobbies. If you’re not sure what you would like doing, accept invitations from friends to join them in their favorite sport or take a class, like pottery or photography.

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By seeing what’s out there in any area of your life, you’ll have a better chance of finding the things you enjoy and the goals you want to create.

4. Manage Your Finances Well

Changes may require a bit of money. If you’re shifting to a new career, you may have to pay for training. If you’re going through a tough divorce or having a hard time dealing with the death of a loved one, you may have to pay for therapy. If you’re moving to a new home, you’ll definitely have to pay a whole lot of expenses.

All of these things are possible, but it will require a bit of money savviness as you learn how to reinvent yourself. If you have that cushion, you’ll feel more comfortable straying from your current path to try new things.

5. Muster Your Courage

Fears and self-doubt may arise when you encounter difficulties and setbacks. Sometimes, they may also come when you’re taking risks. You have to manage these negative emotions well and not allow them to discourage you. Tap into your courage and try doing at least one new thing each week to develop it.

Learn how to deal with your self-doubts to move forward in this article: How Self Doubt Keeps You Stuck (And How to Overcome It)

6. Use Your Support Group

As stated above, you need to build a strong support group before you even start the process of reinventing yourself. Your group will keep you from taking wrong turns and encourage you when you get too weighed down by problems. Don’t be afraid to call them, or even ask them out for coffee if you need to vent about the current difficulties you’re facing.

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7. Remind Yourself Every Day of Your Commitment

Write your goals on different-sized cards and scatter them at home and at work in places where you can easily see them. This way, you will constantly be reminded of where you want to be. Remember, writing down your goals helps them stick[1].

8. Accept Failure, Learn, and Resume Your Journey

Failing is normal, especially when we’re trying out something new. When you fail, simply recognize it, learn from it, and move on. Failure, in the end, is the best way to learn what does and doesn’t work, and you simply won’t be able to learn how to reinvent yourself if you don’t accept the inevitable failures that await you.

Final Thoughts

If you truly want to learn how to reinvent yourself and live the life you desire, take the advice above and start taking action. It will take time, patience, and plenty of effort to make the change you want happen, but it will be all worth it.

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Featured photo credit: Ashley Rich via unsplash.com

Reference

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