When Baseless Fear Overtook Basic Facts 

Of Lies, Pies ‘n’ Promises

As Sihle went shopping, she hoped she would stick

to her long shopping list, she just couldn’t afford

to descend deeper into debt, into budgetary woes.

 

She couldn’t allow her emotions to drive her conduct or choices,

or rather that’s how she cautioned herself as she entered the mall,

but once inside: overconfidence, fear and loss aversion seized her.

 

She was overconfident she had enough money to buy more, she feared

that if she didn’t grab items ‘on special’ (not on her list), she would lose

out and regret, hence she purchased based on loss aversion, not ba

re facts.

Subscribe to our newsletter for latest news and updates. You can disable anytime.