Cognitive economy
Cognitive economy is the tendency of the mind to reduce effort through simplification, mental shortcuts and automation of decisions.
Definition
Cognitive frugality helps you act quickly and not analyze everything from scratch. However, it can lead to cognitive errors, stereotypes and decisions based on the first easy conclusion. It's useful when the stakes are low, but requires slowing down for important choices.
Key ideas
Missing key ideas.
Practice and life
When making an important decision, ask: do I choose it because it is right or because it is cognitively easiest?
Common misunderstanding
It is a mistake to assume that a quick conclusion is always wrong. The second mistake is to trust cognitive ease when the stakes are high.
Questions for self-reflection
No questions for self-reflection.
Sources
No sources.