The practice of mindfulness can help us to avoid some common pitfalls. With insight into some of the psychological biases that can get us into trouble, we can become aware of the biases as they arise when we practice observing what’s unfolding now.
As discussed in this video as it relates to financial decisions, confirmation bias puts us in the position of seeking information that supports our decisions and overlooking reasons to change our approach. The confirmation bias can affect not only major decisions about how to use one’s money, but also can weave its way into any major decision we make.
Simply becoming aware of confirmation bias in action can help to improve the wisdom with which we approach life. It’s especially helpful to catch it early.
