Poker
fromPsychology Today
1 day agoWhat Old Psychology Can Teach Us About New Betting
Modern betting platforms leverage psychological factors to attract users, leading to widespread financial losses despite their appeal.
#choices
#choices
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#decision-making #psychology #leadership #entrepreneurship #communication #neuroscience #consumer-behavior
fromReadWrite
1 day agoKalshi joins SelfExclude: guide to prediction markets self-exclusion
SelfExclude.io provides users with a way to voluntarily block themselves from prediction market trading across various platforms. Instead of managing limits on each app, users can enroll once, and the restriction applies broadly.
Privacy technologies
#decision-making
Relationships
fromPsychology Today
4 days agoWhy You Can Change Your Mind at the Last Minute
Changing decisions at the last minute often results from clearer understanding as emotions settle and more information is gathered.
Psychology
fromPsychology Today
3 days agoTaking the Pressure Off of Decision-Making
Decision-making is often stressful due to unconscious biases and insufficient information, but clarity and self-awareness can ease the process.
fromIndependent
3 days ago'It has paid for itself, many times over' - nine smart buys that will save you hundreds of euro in the long run
When planning our budgets, we tend to focus on cutting costs. Yet, sometimes a little strategic spending can help to save money in the long term, by reducing our regular expenses and replacing repeat purchases of single-use items.
Retirement
Productivity
fromSilicon Canals
5 days agoBehavioral scientists found that people who wake up early and follow rigid routines aren't more successful because of the routine - they're more successful because they've identified the two or three things that actually matter and protected them from everything else - Silicon Canals
Success comes from clarity on priorities, not from rigid routines or early rising.
#financial-anxiety
Mental health
fromSilicon Canals
3 weeks agoThere's a specific kind of financial anxiety that has nothing to do with how much money you have. It belongs to people who finally became comfortable but never updated the internal math that was written during scarcity, so every purchase still runs through a threat calculator from 1997. - Silicon Canals
Financial anxiety often stems from past experiences rather than current financial realities, affecting decision-making even in improved circumstances.
Psychology
fromSilicon Canals
6 days agoThe people who check their bank account before every small purchase aren't necessarily struggling. Some of them grew up in houses where an unexpected expense could change the entire atmosphere of a week, and the checking is not about the balance. It's about confirming that the ground is still solid. - Silicon Canals
Financial anxiety often stems from childhood experiences where money influenced household atmosphere and emotional states, not just current financial status.
Psychology
fromSilicon Canals
1 week agoResearch suggests that high intelligence doesn't protect against bad decisions - it makes people better at constructing convincing justifications for the bad decisions they were already going to make - Silicon Canals
Higher intelligence can lead to greater polarization rather than alignment on contested facts.
Psychology
fromSilicon Canals
1 week agoThe people who always have a backup plan aren't pessimists. They grew up in environments where promises were unreliable, and redundancy became the only architecture that didn't collapse when someone changed their mind without warning. - Silicon Canals
Obsessive planners are often generous, driven by past experiences that teach them to prepare for uncertainties.
E-Commerce
fromTasting Table
4 weeks agoHow To Outwit The Grocery Store 'Decoy Effect' That Causes You To Overspend - Tasting Table
The decoy effect is a retail marketing tactic that manipulates customer perception of value by introducing a strategically priced third option to make expensive items appear more valuable than budget alternatives.
Psychology
fromSilicon Canals
2 weeks agoThe most expensive thing about growing up poor isn't what you couldn't afford. It's the decision-making architecture it installs, where every choice runs through a scarcity filter that adds cost to options other people experience as free. - Silicon Canals
Financial scarcity significantly impacts cognitive performance, altering decision-making processes and creating a lasting influence on individuals' choices beyond material deprivation.
fromMedium
1 month agoThe justification tax
Kantar's codebase was legacy old. The kind of technical debt that isn't a line item on a sprint board but a structural reality that shapes every decision the company makes. Rebuilding the architecture to support what I'd designed would have cost more than the organization was willing to invest, regardless of the Barilla deal sitting on the table.
UX design
fromPsychology Today
1 month agoWho Is to Blame for Our Choices?
Do you blame others for the choices you are making? Have you blamed others for the previous choices you have made? To shed more light on these questions, you might also ask yourself: "What am I responsible for, and what power do I have?" From there, you might agree with this self-reflective response: "I am responsible for, and I've got the power over what I think, do, say, learn, and choose" (Purje, 2014).
Philosophy
fromFast Company
2 months agoWhy it pays to believe in luck
The oil tycoon J. Paul Getty was rumoured to have said that his three rules for how to become rich were: Rise early. Work hard. Strike oil. It's one of those eminently quotable remarks because it captures something we all know to be true, that luck and chance have as much to do with success as anything else. Yet we don't value people for their luck.
Philosophy
Psychology
fromSilicon Canals
2 months agoWhy you keep buying things you don't need-and how to stop, according to experts - Silicon Canals
Emotional states and dopamine-driven reward responses fuel impulsive, unnecessary purchases, causing repeated overspending despite awareness and intentions to save.
fromSilicon Canals
1 month agoPsychology says people who always pay with exact change display these 7 personality traits that go beyond just being organized - Silicon Canals
They're displaying a fascinating set of personality traits that go much deeper than having their finances sorted. 1) They have exceptional impulse control Think about what it takes to always have exact change ready. You need to resist the urge to spend those coins on vending machines or leave them as tips. You have to plan ahead, knowing what you'll buy and preparing accordingly.
Psychology
fromPsychology Today
1 month agoArtificial Intelligence and In Extremis Decision-Making
Time pressure, limited information, confusion, fatigue, and mortality salience combine to set the stage for decision-making errors, sometimes with grave consequences. An example is the downing of Iran Air Flight 655 by a missile launched by the USS Vincennes in 1988, resulting in the death of 290 passengers and crew. In a time of heightened tension between the U.S. and Iran, the captain of the Vincennes misidentified the airliner as an incoming hostile aircraft and ordered his crew to shoot it down.
Psychology
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