Human Behavior November 19, 2022

Effort Heuristic

Effort Heuristic

When you work hard on a project, you have the tendency to overvalue the project, even if the project is worthless.

The more effort incurred, the higher the perceived value. This proclivity prevents you from seeing things objectively.

Investors, business owners, and even CEO are not immune to this fallacy.

More effort does not always comport with increased value.

You may also like...

Inactivity

Back at primordial age, our ancestors would rather run from the possible sound of predators than...

Every Tiny Step Counts

Your energy is renewed every day from sleep and recharged willpower. If you can’t use most...

It’s Always Possible to Make Time

You contemplate starting the one thing you have been meaning to do when you have more...

Delusional Self-Belief

We are inclined to over-esteem the quality of an idea that we contrive—even when it is...