As we go about our daily routines, our internal monologue narrates our experience. Our self-talk guides our behavior and influences the way we interact with others. It also plays a major role in mental errors and how you feel about yourself, other people, and the world in general.
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Quite often, however, our conscious thoughts aren’t realistic; they’re irrational and inaccurate.
Believing our irrational thoughts can lead to problems including communication issues, relationship problems, and unhealthy decisions.
For a long time, researchers and economists believed that humans made logical, well-considered decisions. In recent decades, however, researchers have uncovered a wide range of mental errors that derail our thinking. A bad thing, yes?
Sometimes we make logical decisions, but there are many times when we make emotional, irrational, and confusing choices.
Whether you’re striving to reach personal or professional goals, the key to success often starts with recognizing and replacing inaccurate thoughts and avoiding mental mistakes.
The most common thinking errors can be divided into these ten categories, some of which are adapted from David Burns’s book, Feeling Good: The New Mood Therapy.
Loss aversion
Loss aversion refers to our tendency to strongly prefer avoiding losses over acquiring gains. Research has shown that if someone gives you $10, you will experience a small boost in satisfaction, but if you lose $10, you will experience a dramatically higher loss in satisfaction.
Yes, the responses are opposite, but they are not equal in magnitude. Definitely not.
Our tendency to avoid losses causes us to make silly decisions and change our behavior simply to keep the things that we already own. We are wired to feel protective of the things we own, and that can lead us to overvalue these items in comparison with the options.
For example, if you buy a new pair of shoes it may provide a small boost in pleasure. However, even if you never wear the shoes, giving them away a few months later might be incredibly painful.
You never use them, but for some reason, you just can’t stand parting with them. Loss aversion can get you, yes?
Similarly, you might feel a small bit of joy when you breeze through green lights on your way to work, but you will get downright angry when the car in front of you sits at a green light, and you miss the opportunity to make it through the intersection.
Losing out on the chance to make the light is far more painful than the pleasure of hitting the green light from the beginning. Happens often to me.
Mental errors … going for it all
Sometimes we see things as being black or white: Perhaps you have two categories of coworkers in your mind—the good ones and the bad ones. Or maybe you look at each project as either a success or a failure.
Recognize the shades of gray, rather than putting things regarding all good or all bad. There are many to see.