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Mastering the best of what other people have already figured out
“What do you want to be when you grow up?” Do you ever ask kids this question? Did adults ask you this when you were a kid? Even if you managed to escape this question until high school, then by the …
Santa Fe Institute Board of Trustees Chair Michael Mauboussin interviewed Nobel Prize winner Daniel Kahneman. The wide-ranging conversation talks about disciplined intuition, causality, base rates, …
In Think Twice: Harnessing the Power of Counterintuition, Mauboussin does a good job adding to the work we’ve already done on complex adaptive systems: You can think of a complex adaptive system …
Michael Mauboussin, the first guest on our podcast, The Knowledge Project, explains how our situations influence our decisions enormously in Think Twice: Harnessing the Power of Counterintuition. …
As networks harness the wisdom of crowds, the ability of experts to add value in their predictions is steadily declining. This is the expert squeeze. *** In Think Twice: Harnessing the Power of …
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 …
We all make decisions. And yet few of us think about what we can learn from our past decisions to make smarter decisions in the future. A decision journal helps you learn from past decisions, think …
While we can learn a lot from what successful people do in the mornings, as Nassim Taleb points out, we can learn a lot from what failed people do before breakfast too. Inversion is actually one of …
Michael Mauboussin is the author of numerous books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, Think Twice: Harnessing the Power of Counterintuition, and The …
In The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing, Michael Mauboussin goes beyond the general idea that luck is important to outcomes. He explains the type of …
Michael Mauboussin commenting on Daniel Kahneman: When asked which was his favorite paper of all-time, Daniel Kahneman pointed to “On the Psychology of Prediction,” which he co-authored with Amos …
Michael Mauboussin talking about his new book The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing with the WSJ: The key is this idea called the paradox of skill. As …
From Game Theory, by Morton Davis: The theory of games is a theory of decision making. It considers how one should make decisions and to a lesser extent, how one does make them. You make a number of …
There is a lot of wisdom in this: The challenge with history, however, is that it’s a very fickle teacher. Which is a lot of the key to understanding history is what the circumstances were. And …
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 …
Michael Mauboussin is one of the smartest people you’ll ever meet. Need proof? Just listen to this podcast interview we did. If you’re looking to learn about behavioral economics, he …