Jaisanthini World

1. Placebo Effect 2. Escalation of Commitment 3. Hyperbolic Discounting 4. Reactance 5. Herd Mentality 6. Halo effect 7. Self-fulfilling Prophecy 8. Pareidolia 9. Reactivity 10. Gambler's Fallacy . 1. Placebo Effect Interesting Fact: The term "Placebo" is used when the outcomes  are considered favorable, when the outcomes are negative or  harmful; the term is "Nocebo." 2. Escalation of Commitment The logical thing to do would be to "cut your losses" and drop the business. 3. Hyperbolic Discounting Hyperbolic discounting is the tendency for people to prefer a smaller, immediate payoff over a larger, delayed payoff 4. Reactance Interesting Fact: "reverse psychology" is an attempt to influence people using reactance. Tell someone (particularly children) to do the opposite of what you really want, and they will rebel and actually end up doing what you want. 5. Herd Mentality Interesting Fact: things that are unattractive,...

Read the following quote from MIT scientist  Stuart Lichtman   that changed my life: What’s the reason why you haven’t yet achieved what you want? It’s not your parents, it’s not your friends, it’s not your spouse, and it’s not your "bad luck"... It’s not the world’s economic situation, it’s not the competition, it’s not your boss... and it’s not president Bush... The reason is you... To be more exact, the reason is in your mind... and the things you do everyday... So, how did I finally do it? First, I gave my mind a brand new, positive, empowering shift! You have to know what you really want. Instead of focusing on 3-4 goals at once, focus in ONLY 1 goal you want to accomplish in the next 30 days. Write the goal in a piece of paper, in this format: In my case, it was a monetary goal so…