Wednesday, November 17, 2010

Irrational Thinking

Looking back on Chapter 8, I realized how many times in my life irrational thinking occurs. There are many times where I think I know more than what I do, and the same can go for my friends. They believe they know more, but in reality they do not and when someone proves them wrong it is hard for them to accept. Another thing I have noticed is how people do not do something because they believe the odds of the worst case scenario out weigh the odds of that not happening. It makes me much more selfconcious about what I think in similar scenerios. Just because there is a small chance of something bad happen, people do not want to do that even though its chances are very slim. They let the down side dictate what they are going to do. This is called loss aversion and I find myself thinking about this when I am making a decision.

3 comments:

  1. I feel the same way. I also believe that irrational thinking is based on your opinions, so you may see something as "irrational" when your friend thinks everything is perfectly fine. I often wonder if my thoughts and behavior are considered irrational to others, and I know for sure that the way that some of my friends act and think seems irrational to me.

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  2. I personally have made some irrational decisions in my life, that at the time didn't seem so irrational to make. I believe that looking back on it I may have rushed to make a decision and didn't look at the entire situation. However, at the time of the decision-making it all seemed appropriate to me. I wouldn't consider it an irrational move at the time, but looking back in retrospect, I would certainly change the timing of the decision or even the actual decision itself. It all truly depends on what one's own personality is like to decide if my decision making has been irrational or not.

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  3. I believe irrational thinking is also something that can be a positive. For example when doing something wrong I always feel like I am going to get caught even if the odds are extremely low so i end up not doing it. I think this benefits me in the long run as it has prevented me from doing many things that i would have regretted as they were wrong.

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