The Misconception: You rationally analyze all factors before making a choice or determining value.

The Truth: Your first perception lingers in your mind, affecting later perceptions and decisions.

You walk into a clothing store and see what is probably the most bad ass leather jacket you’ve ever seen.

You try it on, look in the mirror and decide you must have it. While wearing this item, you imagine onlookers will clutch their chests and gasp every time you walk into a room or cross a street. You lift the sleeve to check the price – $1,000.

Well, that’s that, you think. You start to head back to the hanger when a salesperson stops you.

“You like it?”

“I love it, but it’s just too much.”

“No, that jacket is on sale right now for $400.”

It’s expensive, and you don’t need it really, but $600 off the price seems like a great deal for a coat which will increase your cool by a factor of 11. You put it on the card, unaware you’ve been tricked by the oldest retail con in the business.

One of my first jobs was selling leather coats, and I depended on the anchoring effect to earn commission. Each time, I figured it was obvious to customers the company I worked for marked up the prices to unrealistic extremes. Yet, over and over, when people heard the sale price, they smiled and wrestled with their better judgment.

The prices you expect to pay, where did those expectations originate?

The Misconception: When your emotions run high, people can look at you and tell what you are thinking and feeling.

The Truth: Your subjective experience is not observable, and you overestimate how much you telegraph your inner thoughts and emotions.
You stand in front of your speech class with your outline centered on the lectern, your stomach performing gymnastics.

You sat through all the other speeches, tapping the floor, transferring nervous energy into the tiles through a restless foot, periodically wiping your hands on the top of your pants to wick away the sweat.

Each time the speaker summed up and the class applauded, you clapped along with everyone else, and as it subsided you realized how loud your heart was thumping when a fresh silence settled.

Finally, the instructor called your name, and your eyes cranked open. You felt as if you had eaten a spoonful of sawdust as you walked up to the blackboard planting each foot carefully so as not to stumble.

As you begin to speak the lines you’ve rehearsed, you search the faces of your classmates.

“Why is he smiling? What is she scribbling? Is that a frown?”

“Oh no,” you think, “they can see how nervous I am.”

I must look like an idiot. I’m bombing, aren’t I? This is horrible. Please let a meteor hit this classroom before I have to say another word.

“I’m sorry,” you say to the audience. “Let me start over.”

Now it’s even worse. What kind of moron apologizes in the middle of a speech?

Your voice quavers. Flop sweat gathers behind your neck. You become certain your skin must be glowing red and everyone in the room is holding back laughter.

Except, they aren’t.

The Misconception: Your opinions are the result of years of rational, objective analysis.

The Truth: Your opinions are the result of years of paying attention to information which confirmed what you believed while ignoring information which challenged your preconceived notions.

By now you’ve likely heard of confirmation bias. As a citizen of the internet the influence of this cognitive tendency is constant, and its allure is pervasive.

In short, when you have a hunch that you might already understand something, but don’t know for sure, you tend to go searching for information that will confirm your suspicions.

When you find that inevitable confirmation, satisfied you were correct all along, you stop searching. In some circles, the mental signal to end exploration once you feel like your position has sufficient external support is referred to as the wonderfully wordy “makes sense stopping rule” which basically states that once you believe you’ve made sense of something, you go about your business satisfied that you need not continue your efforts. In other words, just feeling correct is enough to stop your pursuit of new knowledge. We basically had to invent science to stop ourselves from trying to solve problems by thinking in this way.
You could, instead, try and disconfirm your assumptions, to start your investigations by attempting to debunk your beliefs, but most of the time you don’t take this approach. That’s not your default method of exploring the natural world or defending your ideological stances.

The Misconception: People who are losing at the game of life must have done something to deserve it.

The Truth:
The beneficiaries of good fortune often do nothing to earn it, and bad people often get away with their actions without consequences.

A woman goes out to a club wearing stilettos and a miniskirt with no underwear. She gets pretty drunk and stumbles home in the wrong direction. She ends up lost in a bad neighborhood. She gets raped.

Is she to blame in some way? Was this her fault? Was she asking for it?

People often say yes to all three in studies asking similar questions after presenting similar scenarios.

It is common in fiction for the bad guys to lose and the good guys to win. It is how you would like to see the world – just and fair. In psychology the tendency to believe this is how the real world actually works is a known cognitive bias called the Just-World Fallacy.