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.
Managers who solve problems get more credit than those who prevent problems. A passerby who saves...
When contemplating between working on projects with low chance of success or working on ones with...
An odd one out causes a disproportionate effect on statistical results. A single financial catastrophe blows...
We are inclined to over-esteem the quality of an idea that we contrive—even when it is...