Fact 1: Self-deception may be more self-destructive than deception toward others.

Lying to oneself is a common occurrence. Sometimes we do it by rationalizing our actions even though our gut reactions make us question it. We often do this when we have to make decisions that may benefit others instead of ourselves, and consequently we often make the decision that benefits our needs first. This type of self-deception is often associated with criminal acts.

On the other hand, we may lie to ourselves to justify a course of action we have undertaken that is obviously failing us. We do this when we cling to unprofitable investments, businesses that are failing, the “lemon” car we purchased, or the business deal that turns out to be too good to be true. ...

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