Losing sucks, but not losing might suck even more. Consider this gamble: I flip a coin, if it’s heads, you win $100. If it’s tails, you lose $100. Would you take it? Most people would…
Tag: <span>thinking fast and slow</span>
Making people think more rationally can be achieved by breaking their expectations. For example, you might change the obituaries to seem as though people are happy about the death. You might replace some of your…
Each time we recall a memory, we change it subtly, altering the small details, and doing so unknowingly. Over time, these small details can end up changing a great deal of the original memory. They…
What makes someone confident? Belief. The belief that they can do what it is they’re being asked to, belief that the answer they’ve calculated is correct, or, belief that the answer that just popped into…
Thinking Fast and Slow, by Daniel Kahneman, is a good book. Thinking fast, or System 1 as he calls it, is your intuition. It’s quick, resourceful, and prone to mistakes which we often call biases.…