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...

Hopeful but Inactive

You never start because you don’t think what you want to start will succeed. Therefore, you...

Encourage Criticism

People who cajole and like to be cajoled are both insecure: The recipients are insecure to...

Paradigm Shift to Serve First

We want to be served all the time: “Buy my product” “Be my customer” “Elect me...

You and I Don’t Know Much

We have a proclivity to overestimate our abilities although there is so much truth that we...