We do not simply 'react to' a happening. . . . We behave according to what we bring to the occasion." Our beliefs affect how we process all new thing… - Annie Duke

But omission-commission bias causes us not to view these decisions as equivalent. That's why we accept that explanation of "I'm not ready to make a decision yet" from others and why we accept it from ourselves. Of course, what that really means is "I'm not ready to veer from the status quo."

this idea of casting yourself into the future, imagining a failure, and then looking back to try to figure out why is called a premortem. Using a premortem is a great tool to help develop high-quality kill criteria.

Second, being wrong hurts us more than being right feels good. We know from Daniel Kahneman and Amos Tversky's work on loss aversion, part of prospect theory (which won Kahneman the Nobel Prize in Economics in 2002), that losses in general feel about two times as bad as wins feel good. So winning $100 at blackjack feels as good to us as losing $50 feels bad to us. Because being right feels like winning and being wrong feels like losing, that means we need two favorable results for every one unfavorable result just to break even emotionally. Why not live a smoother existence, without the swings, especially when the losses affect us more intensely than the wins?