The Picard principle is the adage that “It is possible to commit no mistakes and still lose. That is not a weakness; that is life.” This principle denotes that even if you follow the best course of action available to you, you can sometimes still end up with a negative outcome, such as failure to achieve your goals.| Effectiviology
The action bias is a cognitive bias that causes people to favor action over inaction, without properly considering the outcomes that this will bring. For example, the action bias can drive someone to make unnecessary changes to their investment portfolio, even if it would be better for them to do nothing.| Effectiviology
The confirmation bias is a cognitive bias that causes people to search for, interpret, and recall information in a way that confirms their preexisting beliefs. For example, if someone is presented with a lot of information on a certain topic, the confirmation bias can cause them to only remember the bits of information that confirm what they already thought.| Effectiviology
A cognitive bias is a systematic pattern of deviation from rationality, which occurs due to the way our cognitive system works. Accordingly, cognitive biases cause us to be irrational in the way we search for, evaluate, interpret, judge, use, and remember information, as well as in the way we make decisions.| Effectiviology