TWOYANSH's Posts
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3. HYPERBOLIC DISCOUNTING Hyperbolic discounting is the tendency for people to prefer a smaller, immediate payoff over a larger, delayed payoff. Much research has been done on decision-making, and many factors contribute to the individual decision making process. Interestingly, delay time is a big factor in choosing an alternative. Put simply, most people would choose to get 20 dollars today instead of getting 100 dollars one year from today. Normally it makes sense to choose a greater amount of money immediately than less in the future, as the value of a dollar is worth more today than it is tomorrow. Assume that the interest rate is 9%, at this interest rate, a rational person would be indifferent to taking $91.74 now, or $100 a year from now. However, it is interesting how much less we are willing to take immediately rather than wait, would you rather have $100 a year from now, or $50 immediately? How about $40 immediately? Where do you draw the line? ESCALATION MOF COMMITMENT Escalation of commitment is the tendency for people to continue to support previously unsuccessful endeavors. With all the decisions people have to make, it is unavoidable that some will be unsuccessful. Of course, the logical thing to do in these instances is to change that decision or try to reverse it. However, sometimes individuals feel compelled not only to stick with their decision, but also to further invest in that decision because they have sunk costs. For example, say you use half of your life savings to start a business. After 6 months, it is evident that the business is going to be unsuccessful. The logical thing to do would be to “cut your losses” and drop the business. However, due to the sunk costs of your life savings, you feel committed to the business and invest even more money into the project hoping that the additional cash will turn the business around. 1. PLACEBO EFFECT The Placebo effect is when an ineffectual substance that is believed to have healing properties produces the desired effect. Especially common with medications, the placebo effect has been observed when individuals given a sugar pill for a real ailment report improvement. Placebos are still a scientific mystery. It is theorized that placebos cause an “Expectancy Effect”, (In cases of uncertainty, expectation is what is most likely to happen) individuals expect the pills to cure their ailments, so they feel cured. However, this does not explain how the ineffectual pills actually cause a reduction in symptoms. Interesting Fact: The term “Placebo” is used when the outcomes are considered favorable, when the outcomes are negative or harmful; the term is “Nocebo”. |
5. THE HERD MENTALITY Herd mentality is the tendency to adopt the opinions and follow the behaviors of the majority to feel safer and to avoid conflict. Also known as “Mob Mentality,” this is, at its most common form, peer pressure. Herd mentality explains why fads get so popular. Clothes, cars, hobbies, styles, all it takes is a group of people who think something is cool, and it catches on. Interesting Fact: things that are unattractive, or that would never seem cool or popular now have had huge followings due to herd mentality. Examples include parachute pants, pet rocks, mullets, cone bras, tie-dye, sea monkeys, and the 1980s. 4. REACTANCE Reactance is the urge to do the opposite of what someone wants you to do out of a need to resist a perceived attempt to constrain your freedom of choice. This is common with rebellious teenagers, but any attempt to resist authority due to perceived threats to freedom and/or choice is reactance. The individual may not have a need to do the specific behavior, however the fact that they cannot do it makes them want to. Interesting Fact: “reverse psychology” is an attempt to influence people using reactance. Tell someone (particularly children) to do the opposite of what you really want, and they will rebel and actually end up doing what you want. |
7. SELF FULFILLING PROPHECY Self-fulfilling prophecy is engaging in behaviors that obtain results that confirm existing attitudes. A self-fulfilling prophecy is a prediction that causes itself to become true. For example, I believe that I am going to do poorly in school, so I decrease the effort I put into my assignments and studying, and I end up doing poorly, just as I thought. Another common example is relationships; I think my relationship with my significant other is going to fail, so I start acting differently, pulling away emotionally. Because of my actions, I actually cause the relationship to fail. This is a powerful tool used by “psychics” – they implant an idea in your mind, and you eventually make it happen because you think it will. Interesting Fact: Economic Recessions are self-fulfilling prophecies. Because a recession is 2 quarters of Gross Domestic Product (GDP) decline, you cannot know you are in a recession until you are at least 6 months into one. Unfortunately, at the first sign of decreasing GDP, the media reports a possible recession, people panic and start a chain of events that actually cause a recession. 6. THE HALO EFFECT The Halo effect is the tendency for an individual’s positive or negative trait to “spill over” to other areas of their personality in others’ perceptions of them. This bias happens a lot in employee performance appraisals. For example: my employee, Biff, has been late to work the past three days; I notice this and conclude that Biff is lazy and does not care about his job. There are many possible reasons why Biff was late, perhaps his car broke down, his babysitter did not show up, or there has been bad weather. The problem is, because of one negative aspect that may be out of Biff’s control, I assume that he is a bad worker. Interesting Fact: The Physical Attractiveness Stereotype is when people assume that attractive individuals possess other socially desirable qualities, such as happiness, success and intelligence. This becomes a self-fulfilling prophecy when attractive people are given privileged treatment such as better job opportunities and higher salaries. |
10. GAMBLER'S FALLACY The Gambler’s fallacy is the tendency to think that future probabilities are altered by past events, when in reality, they are not. Certain probabilities, such as getting a heads when you flip a (fair) coin, are always the same. The probability of getting a heads is 50%, it does not matter if you’ve gotten tails the last 10 flips. Thinking that the probabilities have changed is a common bias, especially when gambling. For example, I am playing roulette. The last four spins have landed on black, it has to be red this time right? Wrong! The probability of landing on red is still 47.37% (18 red spots divided by 38 total spots). This may sound obvious, but this bias has caused many a gambler to lose money thinking the probabilities have changed. 9. REACTIVITY Reactivity is the tendency of people to act or appear differently when they know that they are being observed. In the 1920s, Hawthorne Works (a manufacturing facility) commissioned a study to see if different levels of light influenced worker productivity. What they found was incredible, changing the light caused productivity to soar! Unfortunately, when the study was finished, productivity levels decreased to their regular levels. This was because the change in productivity was not due to the light levels, but to the workers being watched. This demonstrated a form of reactivity; when individuals know they are being watched, they are motivated to change their behavior, generally to make themselves look better. Reactivity is a serious problem in research, and has to be controlled in blind experiments (“Blind” is when individuals involved in a research study are purposely withheld information so as not to influence the outcomes). 8. PAREIDOLIA Pareidolia is when random images or sounds are perceived as significant. Seeing clouds in the shapes of dinosaurs, Jesus on a hot pocket, or hearing messages when a record is played backward are common examples of pareidolia. The common element is that the stimulus is neutral, it does not have intentional meaning; the meaning is in the viewer’s perception.Interesting Fact: the Rorschach Inkblot test was developed to use pareidolia to tap into people’s mental states. Testees are shown images of ambiguous pictures, and asked to describe what they see. Responses are analyzed to discover the testee’s hidden thoughts.
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LET ME NOW BELEIVE THE EARTH IA FLAT. How did my flat earth is not falling infinitely in space...wondering .... there must be a force holding it....LET ME BELEIVE IT IS GRAVITYGravitational force of what is acting on my flat earth?? If you were reading thiis post on your phone, do you know that you are attracting your phone with a force directly proportional to your mass and the phones mass divided by the square of the distace between them ...and your phone is also attracting you ...but these forces are too small to be noticed.A scientist once tried to dispute this by hanging a bob through a thread down the face of a mountain. Back to my flat earth....What massive body is close by? The sun, the moon, other planets and probably space junks I NOW BELIEVE THAT THESE BODIES ARE ACTING ON MY FLAT EARTH, KEEPING IT IN PLACE. here comes the tricky part. My flat earth also contains stuffs in it....oceans, mountains, hills, houses even YOU AND I. These masses are so massive that they would tend to attract my flat earth. The mass of earth ia approximately in billions billion trillion tons. Now these masses would tend to atrract the flat earth BUT MAINLY TO THE CENTER. THIS IS WHERE GRAVITY LIES...center of gravity. Automatically, any material solid, liquid, gaseous, plasmid around my flat earth would tend to asbe attracted to the center thereby forming a round object. But since the earth rotates, it becomes slightly fatter at middle and this gives me a spherical earth!!! |
I didnt watch the videos sir. The equator...SOLSTICE....EQUINOX....these are physical evidences that you and I can see which are features of a spherical earth. You saying that the sun won't cover all parts of the erath if it was flat is a bit odd. If so, how are rays of sun getting to mars??. HAD IT BEEN YOU SAID THE EARTH IS NOT "SOLIDLY" ROUND BUT COVERED WITH LAYERS(OZONE) AND GASES WHICH TAKE THAT SPHERICAL SHAPE DUE TO REASONS NOT YET KNOWN. i could have watched in the background as usual. But saying that the earth is flat...citing wall cracks, falling skycrappers et all (which has an explanation) is out of context. |
Sir, i hope you realize that most of these space pictures are not to scale. I also hope you know that the earth rotates at its axis and also revolves around the sun following an elliptical path. Sir, if the earth was flat, then all parts would experience sunlight at the same time. Seasons, Eclipses would be absent. Sir, maybe you are counting out the atmosphere and just focusing on the walking ground which is wrong. You said the sun revolves round us. How would you explain the concept of TRIANGULATION. Venus (round) obstructs the sun while following a particular orbit in *quite remember now*....That was how the earlier scientists measured the distance from the earth to the sun. HOW WOULD YOU EXPLAIN POLES....NORTH AND SOUTH ![]() ?sir, i could go on and on. You are simply wrong this time. |
i don't give a f^ck about any meme...mayb d guy below me will ![]() |
Billyonaire:SIR, ARE YOU IMPLYING THAT THE EARTH IS HALF WATERMELON LIKE??.. PLEASE CLEAR ME ON THIS. |
I like ur guts billyonaire...u use ur brain, nd i really admire that. But the earth is NOT flat. Please. |
summarise |
its silly as a joke I know but Just try to imagine the scene, it's more funny: A bald man slipped and fell on his head, so he slipped again |
I discovered something terrible with my neighbor. He was very sick and called a witch doctor to come to treat him at his house. The witch doctor said his case was critical and that he cannot be cured, but the sickness can be transferred to another person. My neighbor accepted. The witch doctor worked on him, and told him, as I am leaving, if anyone opens the door you must say 'tchaa'. And this person will die in your place. The witch doctor left, and my neighbor was waiting for the first unlucky person so as to say 'tchaa', and transfer his sickness to the person and be cured. But the witch doctor discovered that he didn't collect any money from my neighbor for his treatment, so he decided to take the risk to go back to my neighbor and ask. As soon as he opened the door, my neighbor said 'tchaa', the witch doctor said 'retchaa', my neighbor then said 'reretchaa', the witch doctor said 'rereretchaa'. As I am telling you now, the whole quarters are there watching the two shouting 'rererererereretchaa'. |
I Asked - "Why is it that in all marriages , the bride sits on the left side and the groom on the right?" my husband replied: "Have you ever seen a profit and loss statement? it follows the same logic all the income posted on the right and expenses are on the left!" ![]() |
business sense on fleek
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aint my business tho
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why evils ![]()
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no chill ![]()
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afta nkiru af show you shege
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i av experience dz personally
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eez like you dont min me well ![]()
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zhagadat
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inside this recession ![]()
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wait...oya continue ![]()
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When your Wife family decides to test your patience i kanot take it animore
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Yaba, Idumota, Oshodi ![]()
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only Yoruba peeps would get this
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Teacher: Tell me a sentence that starts with an "I". Student: I is the.... Teacher: Stop! Never put 'is' after an "I". Always put 'am' after an "I". Student: OK. I am the ninth letter of the alphabet. |
I dont know why when we bite our tongue intentionally, it doesnt hurt. But when we accidentally bite our tongue, it really hurts! And i really dont know why you are biting your tongue right now. ![]() |
Man said to God --- Why did you make women so beautiful? God said to man --- So that you will love them. Man said to God --- But why did you make them so dumb? God said to man --- So that they will love you. |
My mom said she will bang my head into my keyboard if i didn't stop using nairaland .. I'm sure she will not do this cause hdhsgdgshhdbdjksolbeggnjsn..Jsj |
I found out that Jennifer Lopez has her ass insured for $300 million... Just wait till she finds out there's a hole in it! ![]() |
.... there must be a force holding it....LET ME BELEIVE IT IS GRAVITY


