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Oscar T.
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Mark Twain
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Angel
@ang_n76
Smarter People Take More Risks | Scott H Young
Risk and Uncertainty
People often confuse risk with uncertainty. But the terms "risk" and "uncertainty" do not refer to the same thing.
- Risk is preci...
Coping with Uncertainty
- Risk can be calculated by figuring out the odds.
- Uncertainties can't be computed. Even if you could do the math, uncertainties don't have any numbers to calculate.
Most people deal with uncertainty by only doing things others have done in the past. But this tends to restrict people by repeating experiences they've had or knowing the experiences of others. This can create a trap where you avoid good opportunities just because nobody has tried them.
Uncertainty and Framing
The prospect theory shows that people are often willing to make riskier decisions to avoid losses than to make gains - even when the situation is identical but framed differently. For example, a 30% chance of death and a 70% chance of life are two different ways to describe the same thing.
If uncertainty is the default, an irrationally strong influence will be exerted on the outcome.
Nicholas J.
@nicij783
Seven Easy Habits to Read More Books Next Year | Scott H Young
A habit of compounding growth
Reading is a habit of compounding growth. When reading, you'll learn more, and you'll generate ideas and motivation for making other changes.
Reading books means you're getting more concentra...
Put the book down
The real cause of reading too few books is that you don't enjoy it enough.
Don't feel compelled to finish a book that has become boring, predictable or unhelpful. Start a new one. You can have many books through various states of completion. Some won't be finished, and that's okay. Reading less is worse than having a few go unfinished.
Build an online library
An obstacle to your reading habit is not having enough interesting books waiting to be read.
Create a list of potentially good books. If you have a Kindle or eReader, get samples of any book you might want to read — Source your wishlist from suggestions from other writers and authors. When someone recommends a book on a blog or tweet, add it to your wishlist.
Cole Y.
@coly298
The Value of Learning "Useless" Things | Scott H Young
Directness in learning
If you have a concrete objective (speaking a language, passing an exam), how you practice should match the intended use.
An extension of this idea is that learning broadly ...
Direct learning works for a particular goal
We tend to think of skills reasonably broadly, but our skills are very specific.
Direct learning minimizes the chance that we will focus on learning information unrelated to our actual goal.
Many goals in learning require transfer
The magical "intuition" for hard subjects we notice in people like Albert Einstein and Richard Feynman is owed to their extensive knowledge base they could draw from.
The broader and more varied the situations you need to perform in, the broader your knowledge base should be to help you think better.
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