Inconsistency-Avoidance Tendency Bias
Number 5 Of The 25 Cognitive Biases…
As the saying goes To the man with a hammer, every problem looks like a nail.
Removing repetitive traits such as bad habits and daily routines is harder than one would expect.
Examples Of The Inconsistency-Avoidance Tendency Bias
We do not to change our daily habits, be it both good and bad as are brain is programmed to remain the same due to 3 outstanding reasons:
- It facilitated faster decisions when speed of decision was an important contribution to the survival on nonhuman ancestors that were prey.
- It facilitate the survival advantage that our ancestors gained by cooperating in groups, which would have been more difficult to do if everyone was always changing responses.
- It was the best form of solution that evolution could get to in the limited number of generations between the start of literacy and today’s complex modern life.
How To Avoid Falling Victim To The Inconsistency-Avoidance Tendency Bias
Habits and changes to our thought pattern or behavior take conscious effort for the first 1 – 2 months until we’re able to ‘re-wire’ our brain to implement the new habit or break the old habit without exerting conscious effort.
Flossing your teeth at 6am every morning after your breakfast may seem like a chore for the first 30 days, and you’ll likely have to add it to your daily to-do list so you remember to make it happen, but after that period your brain will remember and you’ll automatically begin to do it (after 2 months it gets to the point where you won’t be able to leave the house without flossing!).
Use this technique to obliterate negative habits by consciously preventing yourself from doing them while at the same time beginning to implement new positive habits in your life.
Want To Know More About Charlie Munger’s Cognitive Biases & How To Dominate Life?
I recently purchased Charlie Munger’s flagship book, Poor Charlie’s Almanack – a book filled with hundreds of pages of wisdom from a billionaire and master of mindset and mental frameworks to improve your life..
This book cost me $65 USD. To most this will seem absurd…
“$65 for a book?! What a waste of money”
…these are the same people that spend hundreds of dollars on junk food and alcoholic beverages on Friday and Saturday night.
Delay The Instant Gratification
Don’t adopt the epicurean mentality of “eat, drink and be merry for tomorrow we die.”
You must think long term, you must delay the instant gratification we’re so used to experiencing in this life and invest for tomorrow (stoicism).
“Don’t invest in things that’ll rust, rot or depreciate, invest in things that’ll be worth more later or make you be worth more later”.
The information in this book is worth well over $65 if read and implemented, the information on investing and cognitive biases is worth its weight in gold.
But remember, It’s the application of knowledge that counts, not just the acquisition (read it and take action!)