learning Archives - Finance Psyche

𝑱𝑶𝑩 𝑺𝑬𝑨𝑹𝑪𝑯 𝑨𝑵𝑫 𝑪𝑨𝑹𝑬𝑬𝑹 𝑨𝑫𝑽𝑰𝑪𝑬 𝑭𝑶𝑹 𝑭𝑰𝑵𝑨𝑵𝑪𝑬 𝑷𝑹𝑶𝑭𝑬𝑺𝑺𝑰𝑶𝑵𝑨𝑳𝑺

` Navigating the world of finance can be as exhilarating as it is challenging. If you’re a finance professional on the job hunt, or if you’re seeking to boost your career, here are a few pieces of advice I’d like to share from my years in the field: 🔎 𝐊𝐧𝐨𝐰 𝐘𝐨𝐮𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐭𝐲:…

🦞 𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐒𝐭𝐨𝐫𝐲 – 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐚𝐝𝐯𝐞𝐫𝐬𝐢𝐭𝐲🌊

Did you know that lobsters are incredible creatures that teach us profound lessons about growth and facing adversity? A lobster grows inside a rigid shell. As it grows, it starts feeling uncomfortable and stressed – a sign that it has outgrown its shell. Instead of avoiding this discomfort, the lobster takes…

🕳💰 𝐒𝐮𝐧𝐤 𝐂𝐨𝐬𝐭 𝐅𝐚𝐥𝐥𝐚𝐜𝐲: 𝐓𝐡𝐞 𝐌𝐢𝐧𝐝 𝐓𝐫𝐚𝐩 𝐓𝐡𝐚𝐭 𝐊𝐞𝐞𝐩𝐬 𝐔𝐬 𝐒𝐭𝐮𝐜𝐤 💰🕳

Today, let’s dive into a cognitive bias that can significantly impact our decision-making processes and potentially lead us astray: the Sunk Cost Fallacy. The 𝐒𝐮𝐧𝐤 𝐂𝐨𝐬𝐭 𝐅𝐚𝐥𝐥𝐚𝐜𝐲 refers to our tendency to continue a behavior or endeavor because of previously invested resources (time, money, or effort), even if it’s no longer…