WHAT IS EMOTIONAL BIAS AND HOW TO GET RID OF IT?

Can you agree with me, if I’m telling that people do take decisions emotionally? Sometimes? No, people more often take care of their emotions rather than being pragmatic. Let’s take an example. A boy loves a girl who belonged to a different religion. They got married regardless of the fuss made by his parents and relatives. Still, the boy took a risk to tie the knot with her and to have the rest of their life together. If we’re asking him that why he took such a risk, the answer might be reasonable like she’s very beautiful, educated, have decent behavior and she will be able to raise his children and so on. But, how can he assure that there’s not even one girl in his religion with all these qualities or more? In fact, he decided to have his life with her due to the emotional attachment between them; the love and care she handed, influenced him that much to avert from other ladies. This is how emotional bias works. This possibility is appreciable but when it comes to other matters like financial issues, taking up emotional conclusions can adversely affect your life.

For an instance, my best friend asked me to lend one lakh for a need and swore that he would give back in 2 years. Because he has put some money as fixed deposit and it would get mature by two years and he will be able to grant that to me. If you were in my standpoint, what will you do? You will lend him that money because he's your bestie and asked for help asserting a suitable licitly. But what I did was that I asked him for one day to toy with that matter. Because the decision that I’m going to take up at that moment will be volatile and taking more time can enable me to infer its practicality. After one day, I inquired him that how much will he get if the fixed deposit is withdrawn prematurely and the response was 72,000/-. I advised him to do the same and offered the remaining 28,000/-. This one-day spanned choice was not sentimental but the most empirical one as through this deal I’m getting two advantages. Firstly, my ability to help my friend in need without any delay. Secondly, there will only be a loss of 28,000/- if our alliance isn't in full swing after two years.

How to overcome emotional bias?

The ideal solution is to take time to make the final decision. Abrupt judgments will be standing on an emotional foundation whereas by taking time, you will be toying with its pragmatic and logical aspects.

     The next remedy is to take up the role of a person who’s not involved in the process and watching out the scene like a  third person. By this, you’re not having any emotional attachment of the involvers.

I wish, this article make you aware of the impact of emotional bias while giving rise to crucial decisions.