Farnam Street
Mastering the best of what other people have already figured out
We tend to think that people can easily tell what we’re thinking and feeling. They can’t. Understanding the illusion of transparency bias can improve relationships, job performance, and more. *** “A …
The Knowledge Project interview with Philip Tetlock deconstructs our ability to make accurate predictions into specific components. He learned through his work on The Good Judgment Project. In …
I loved Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Taleb. This is the first popular book he wrote, the book that helped propel him into an intellectual …
Michael Mauboussin, chief investment strategist at Legg Mason and our first interview on the podcast, offers two simple techniques to improve the quality of your decision making: a decision journal …
Ray Dalio, the sixty-one-year-old founder of Bridewater Associates, the world’s biggest hedge fund, offers the following management advice. Dalio says “Taken together, these principles are meant to …
We often think we can rely on common sense. But in a complex world, common sense is not always sufficient. *** Duncan Watts new book Everything is Obvious: Once You Know The Answer explores the limit …
Hindsight bias occurs when we look backward in time and see events are more predictable than they were at the time a decision was made. This bias, also known as the “knew-it-all-along …