Perception of loss or gain can influence your decision

Before you set off in making an important decision, you need to take a moment to become aware of your points of view about the situation or the problem at hand. You also need to become aware of how these points of view may limit your choices. You will be a victim to your points of view if you are not aware of them.

This video from a BBC documentary about decision making shows that the way the options or problems are presented to you can misdirect your perception. Not willing to lose can influence your decision making process. Are you aware that if you think you are losing out you are more likely to gamble to defend against the loss?

The next time you are faced with a decision, consider  how much that decision contains your perception bias.

 

 

Break the Rules, Stand Out

Break the Rules, Stand Out