Be aware of the illusion of control (Academic)

As human beings, we often like to believe that we are in control of our lives and the events that unfold around us. We make plans, set goals, and take actions to ensure that things go the way we want them to. However, the reality is that this belief in control is often nothing more than an illusion. The concept of the illusion of control was first introduced by psychologist Ellen Langer in the 1970s.

She argued that people tend to overestimate their ability to control events in their lives, even when they have no actual influence over them. This illusion can lead to feelings of frustration, anxiety, and even disappointment when things don't go as planned. One example of the illusion of control is seen in the world of investing.

Many people believe that they have the ability to predict the stock market and make profitable trades. However, research has shown that the market is largely unpredictable, and even the most experienced investors can't consistently outperform it. This belief in control can lead to risky decision-making and financial losses. Another example can be seen in relationships.

Individuals may believe that they can control the feelings and actions of their partners through manipulation or coercion. However, this can lead to toxic and unhealthy dynamics, ultimately damaging the relationship in the long run. Being aware of the illusion of control is essential for our mental and emotional well-being.

By recognizing that we can't always control the outcomes of our actions, we can learn to let go of unrealistic expectations and adapt to life's uncertainties. This can lead to a greater sense of peace and acceptance, as well as a more positive outlook on life. In conclusion, the illusion of control is a common cognitive bias that can have negative consequences on our lives.

By being aware of this phenomenon, we can learn to let go of unrealistic expectations and embrace life's uncertainties. As the serenity prayer says, "Grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference. " By practicing this mindset, we can navigate life's challenges with grace and resilience.

References:

Langer, E.J. (1975). The illusion of control. Journal of personality and social psychology, 32(2), 311-328.

Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 263-291.

Copyright ? Prof. Dr. Jorge R.