Day 12: Loss Aversion: Why You Stay in Bad Situations Too Long

Day 1: The Real Cost of a Bad Decision

Day 2: You’re Not as Rational As You Think

Day 3: The Invisible Forces Driving Your Choices

Day 4: Why “Good Intentions” Aren’t Enough

Day 5: Behind Every Regret is a Decision

Day 6: The Myth of Experience: Smarter Doesn’t Mean Safer

Day 7: The Leadership Choice – Take Responsibility for Your Decisions

Day 8: System 1 Thinking: Fast, Intuitive, and Often Wrong

Day 9: System 2 Thinking: Slower, Smarter – but Lazy

Day 10: The Halo Effect, Anchoring, and the Trap of First Impressions

Day 11: How Confirmation Bias Shapes Your Reality

The courage to walk away is often the key to moving forward.

THINGS TO CONSIDER

KEY INSIGHT: We feel losses more intensely than equivalent gains, which keeps us stuck in bad situations. The secret is recognizing when we’re succumbing to loss aversion so we can make decisions based on future potential, not past investment.

PERSONAL REFLECTION: What’s one situation in your life where fear of loss might be preventing you from making a better decision? What are you really protecting, and what is that protection costing you?

TODAY’S EXERCISE: Conduct a “Fresh Start Audit.” Choose one major commitment in your life (job, relationship, investment, project) and honestly answer:

“If I were starting from scratch today, knowing what I know now, would I choose to enter this situation?”

If the answer is no, start exploring your options — regardless of what you’ve already invested.

Complete Lesson