On the meaning of success

Success literally means to achieve fame, wealth or respect. But, I believe that this is a very flawed way of looking at things. Let’s take the example of a mother. She wakes up early in the morning, prepares lunch for her kids, gets them ready for school, helps them with their homework and makes a wide range of sacrifices just to ensure that her child gets the best Continue reading

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The trap of the sunk cost fallacy

The other day while browsing through my feed on Quora, I came across this wonderful concept of economics which can be extrapolated to the realms of psychological decision-making and was surprisingly intrigued by its impact on our lives. The sunk cost fallacy affects us in a subtle manner almost every day and we being completely oblivious to its existence let it get the better of us. However, the mere realisation that it exists can do wonders to our productivity and our decision-making abilities. Continue reading