Self-handicapping: when we avoid effort to protect our self-esteem

Humans are very good at getting in their own way. We make our lives more challenging than they need to be, often without realizing it. Why do we place these hurdles in our way? What can we do to address our self-handicapping behaviors? Self-handicapping as an insurance policy In short, self-handicapping is an insurance policy …

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The impact of the ambiguity effect on decision-making

When something is described as ambiguous, it means that it is confusing, unclear, or open to different interpretations. Entrepreneurs face ambiguous situations all the time; it’s the nature of the business. For example, entrepreneurs make decisions about pricing, marketing, vendors, and finances that don’t have certain outcomes. In addition, entrepreneurs often have to make choices …

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How the end-of-history illusion prevents you from shaping your future self

“Where do you see yourselves in five years?” Tough question, isn’t it? It’s hard to imagine where we will be in five days, let alone five years. And yet, most people believe that their personalities, work situations, and values won’t change much in the future, even though they have changed tremendously in the past. This …

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