Believing In Narratives
Stories trump statistics. The more you want something to be true, the more likely you are going to believe a story that overestimates the odds of it being true.
- The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.
- Everyone has an incomplete view of the world, but we form a complete narrative to fill in the gaps.
- Coming to terms with how much you don’t know means coming to terms with how much of what happens in the world is out of your control.
- The illusion of control is more persuasive than the reality of uncertainty.
5.39K
8.8K reads
CURATED FROM
IDEAS CURATED BY
Total food specialist. Friendly webaholic. Coffee fan. Proud analyst. Tv expert. Explorer. Travel nerd. Incurable beer advocate.
The Psychology of Money is a collection of short stories exploring the strange ways people think about money and teaches you how to make better sense of it.
“
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Related collections
Similar ideas to Believing In Narratives
The Seduction of Pessimism
Optimism sounds like a sales pitch. Pessimism sounds like someone trying to help you.
In finance, pessimism is paid more attention than optimism and is, therefore, more persuasive. “It’s easier to create a narrative around pessimism because the story pieces tend to be f...
Peer pressure
People who agree to do something in front of their peers are much more likely to follow through.
If everyone heard them say that they would do something by Thursday at noon, it is much more likely that they will have an internal incentive that will save you the need to mo...
The Right Narrative
Storytelling has always been a powerful, influencing tool since ancient times.
Crafting a good story around yourself is a great way to make anyone feel better about you. If we simply voice out our opinions, it sounds polarizing instead of persuasive, and if we really want ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates