The Psychology of Risk and Reward
An excerpt from The Aspirational Investor: Taming the Markets to Achieve Your Life’s Goals that I think you’d enjoy. Most of us have a healthy understanding of risk in the short term. When …
Illusion of Control
The Inside View and Making Better Decisions
When we don’t think about the process we use to make decisions, they tend to get worse over time as we fail to learn from experience. Often, we make decisions based on the information that is easiest …
Certainty Is an Illusion
We all try to avoid uncertainty, even if it means being wrong. We take comfort in certainty, and we demand it of others, even when we know it’s impossible. Gerd Gigerenzer argues in Risk Savvy: …
Future Babble: Why expert predictions fail and why we believe them anyway
Future Babble has come out to mixed reviews. I think the book would interest anyone seeking wisdom. Here are some of my notes: First a little background: Predictions fail because the world is too …
Hiring and the Mismatch Problem
“We want to cling to these incredibly outdated and simplistic measures of ability.” — Malcolm Gladwell *** Hiring is difficult and we tend to fall back on antiquated tools that give us a …