Hands up if you are a human?  Okay that is everyone except you Google bots!  Well if you are human, guess what, you are liable to fall for mental fallacies.

What is a fallacy?  A fallacy is invalid or faulty reasoning that can lead to a wrong decision.  Let’s look at a simple example.  It is easy to judge a decision based on its results. However, is it always true that a good outcome resulted from a good decision?  After all, a person might get home safely one night while driving drunk, but he would be a fool to think that being intoxicated made him a better driver.

To learn more about our fallacies and how to counteract them, I highly suggest listening to the podcast Choiceology.  As described on their site:

“Can we learn to make smarter choices? Listen in as host Katy Milkman shares stories of irrational decision making—from historical blunders to the kinds of everyday errors that could affect your future. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics, exposing the psychological traps that lead to expensive mistakes.”

There are three seasons of Choicology episodes available, so why not give it a listen?  I think it would be a good decision.