A video explaining Information Bias by Rolf Dobelli the author of The Art of Thinking Clearly on the IDFC Mutual Fund Youtube Channel. WHAT IS INFORMATION BIAS AND WHY IF YOU HAVE AN ENEMY, YOU SHOULD GIVE THEM INFORMATION In his short story ‘Del rigor en la ciencia’, which consists… Read More »What is Information Bias?
WHAT IS WILL ROGERS PHENOMENON AND HOW TO INCREASE THE AVERAGE IQ OF TWO STATES Let’s say you run a small private bank. The bank manages the money of wealthy and mostly retired individuals. Two money managers – A and B – report to you. Money Manager A manages the… Read More »What is Will Rogers Phenomenon?
WHAT IS TWADDLE TENDENCY AND IF YOU HAVE NOTHING TO SAY, SAY NOTHING When asked why a fifth of Americans were unable to locate their country on a world map, Miss Teen South Carolina, a high-school graduate, gave this answer in front of rolling cameras: ‘I personally believe that U.S.… Read More »What is Twaddle Tendency?
WHAT IS MOTIVATION CROWDING AND HOW BONUSES DESTROY MOTIVATION A few months ago, a friend from Connecticut decided to move to New York City. This man had a fabulous collection of antiques, such as exquisite old books and hand-blown Murano glasses from generations ago. I knew how attached he was… Read More »What is Motivation Crowding?
A video explaining Problem with Averages Bias by Rolf Dobelli the author of The Art of Thinking Clearly on the IDFC Mutual Fund Youtube Channel. WHAT IS THE PROBLEM WITH AVERAGES AND WHY THERE IS NO SUCH THING AS AN AVERAGE WAR Suppose you’re on a bus with forty-nine other… Read More »What is Problem with Averages?
What is Contagion Bias? And would you wear Hitler’s Sweater Following the collapse of the Carolingian Empire in the ninth century, Europe, especially France, descended into anarchy. Counts, commanders, knights and other local rulers were perpetually embroiled in battles. The ruthless warriors looted farms, raped women, trampled fields, kidnapped pastors… Read More »What is Contagion Bias?
What is Decision Fatigue? And how to decide better by deciding less For weeks, you’ve been working to the point of exhaustion on this presentation. The PowerPoint slides are polished. Each figure in Excel is indisputable. The pitch is a paradigm of crystal-clear logic. Everything depends on your presentation. If… Read More »What is Decision Fatigue?
What is ‘Because’ Justification? And making lame excuses Traffic jam on the highway between Los Angeles and San Francisco: surface repairs. I spent thirty minutes slowly battling my way through until the chaos was a distant scene in my rearview mirror. Or so I thought. Half an hour later, I… Read More »What is Because Justification?
WHAT IS HYPERBOLIC DISCOUNTING AND WHY YOU SHOULD LIVE EACH DAY AS IF IT WERE YOUR LAST – BUT ONLY ON SUNDAYS You know the saying: ‘Live each day as if it were your last.’ It features at least three times in every lifestyle magazine, and has a slot in… Read More »What is Hyperbolic Discounting?
WHAT IS COGNITIVE DISSONANCE AND SWEET LITTLE LIES What is Cognitive Dissonance? And sweet little lies A fox crept up to a vine. He gazed longingly at the fat, purple, overripe grapes. He placed his front paws against the trunk of the vine, stretched his neck and tried to get… Read More »What is Cognitive Dissonance?
