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Beware of the status quo bias from "summary" of The Art of Thinking Clearly by Rolf Dobelli
Our brains are wired to prefer the known over the unknown. This is why we tend to stick with the status quo, even when it may not be in our best interest. We have a bias towards things that are familiar to us, as they require less mental effort to process. This bias can lead us to make decisions that are not rational or beneficial. The status quo bias can manifest itself in various aspects of our lives, from our personal relationships to our financial decisions. We may stay in a job that we don't enjoy simply because it is what we are used to. We may keep our money in a low-interest savings account because we are afraid of the risks associated with investing, even though we could potentially earn higher returns. One of the reasons why we are so resistant to change is because we fear making the wrong decision. We would rather stick with what we know, even if it is...Similar Posts
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