Skip to main content

Biases becloud reasoning

Once upon a time, in a small town nestled between rolling hills, there lived a wise old woman named Eliza. She was known far and wide for her exceptional reasoning abilities. People from all around sought her advice on various matters, especially when disputes arose.

One sunny morning, the townspeople gathered in the town square, embroiled in a heated argument. A shiny new statue was to be placed in the center of the square, and they couldn't agree on its design. Half of them wanted a statue of a great explorer who had once passed through their town, while the other half insisted on a statue of a local hero who had saved many lives.

Eliza, hearing about the commotion, decided to mediate. She asked each group to present their arguments. The first group argued passionately about the explorer's global significance and how the statue would draw tourists and prosperity to the town.

The second group, equally passionate, recounted the local hero's deeds and how he had selflessly protected their community. They believed that honoring him would inspire the younger generation to be selfless and heroic.

Eliza, known for her ability to reason, listened carefully. However, instead of choosing a side, she asked both groups to step aside for a moment. She brought a young girl named Lily to the center of the square. Lily had grown up listening to stories about the explorer and the local hero.

Eliza asked Lily to share her thoughts. The girl hesitated but then spoke honestly, "I think we should have a statue that represents both the global and the local. That way, we can be proud of our town's heritage and also inspire others to explore and help their own communities."

The townspeople were taken aback, realizing that their biases had blinded them to a more inclusive and reasonable solution. They agreed to create a statue that honored both the explorer and the local hero, symbolizing unity between their town's past and present.

This story reminds us that human biases can often cloud our reasoning and that seeking diverse perspectives can lead to more balanced and thoughtful decisions.

To help advanced your thinking processes, we have developed an advanced Diploma in Psychology at the Ransford College.

Application is now opened for distance learning 

Comments

Post a Comment

Popular posts from this blog

Sweet Spot

How do you create a digital strategy that involves customers in an energized social community?  How do you create an engaged, active “go-to” website?   Prophet's David Aaaker says, You must change the orientation of marketing from selling the offering, the brand, and firm to becoming an active partner with a shared interest program around a customer’s “sweet spot.” A sweet spot reflects customers’ “thinking and doing” time, beliefs and values, activities and passions, possessions or places they treasure. Ideally, it would be a part of, if not central to, their self-identity and lifestyle and reflect a higher-order value proposition, much beyond the benefits provided by the offering. To illustrate, Pampers went beyond diapers by creating the Pampers Village community that provides a “go to” place for all issues relating to babies and child care. Its five sections – pregnancy, newborn, baby, toddler, and preschooler – all have a menu of topics. Its online ...
Post a Comment
Read more

New ways to business capital

A Business capital, often referred to as capital in a business context, is the financial resources or assets that a company or a sole proprietorship uses to operate, invest, and grow. Traditionally, it can come from various sources, including: 1. Equity Capital: This is the money invested by the business owners or shareholders. It represents ownership in the company and can be in the form of common stock or retained earnings. 2. Debt Capital: Debt capital is borrowed money that the business must repay with interest. This can include loans from banks, bonds issued by the company, or other forms of debt financing. 3. Working Capital: Working capital is the money a business uses for its day-to-day operations, such as paying bills, salaries, and purchasing inventory. 4. Fixed Capital: Fixed capital refers to the funds invested in long-term assets like buildings, machinery, and equipment. 5. Venture Capital or Angel Investment: Startups and high-growth companies may secure capital from vent...
Post a Comment
Read more

Is Liberalism under attack?

I believe the answer may be yes. It's yes because two powerful states in Asia: China and Russia have consolidated authoritarian regime, that the end points may not be visible soon.  These two forces are working tirelessly to globalize oligarchy and authoritarianism. Their gospels has been noised abroad. Their influences influences have been displayed in some nations (with pseudo democracy) in the global south,  In Africa, liberal democracy have been badly weaken by the character of people in leadership: abuse of offices, stealing of public funds without questions and necessary punishments, plus rigging of presidential elections, leading to changing fortunes ànd quagmires. Beside, the curent hyper-inflation in Nigeria is blamed on the recent resurgence of Adams Smith and liberal economics doctrines (and partly by loyalty to Washington consensus: policies and insititios designed by the US government to globalize capitalism and it's associated cultural systems). The market is now...
Post a Comment
Read more