Why You Shouldn't Be Fooled by Your Own Expertise
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People normally create a narrative based on their past and are sure that their predictions will match the way things will work out in the future. This is not usually the case, and it leads to wrong decisions.
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"There is no inherent value in any piece of data because all information is meaningless in itself. Why? Because in..."
Our brains like to fill up incomplete information based on our prejudice and confirmation bias.
As all data is inherently incomplete, we use our minds to fill the missing information, based on the existing data we have, and that can go obverse.
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Pursuing productivity for its own sake is counter-productive.
Most people feel able to complete more tasks when they start using time-management tools, but they don’t bear in mind that they can’t keep increasing their productivity forever, and they commit to more and more. In a few weeks, they are more productive but still frustrated.
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Sunk-cost fallacy. Present yourself with the new options at hand -- without considering the sunk cost.
Narrow framing. When we're in situations that will repeat themselves over time, we should take a step back and play a game of averages.
Emotionally driven decisions. Hold off on making important decisions when you are in a bad mood.
Confirmation bias. Always look for conflicting evidence and then make judgments based on more well-rounded information.
Ego depletion. When we're drained, physically or mentally, we're less likely to think critically.
The halo effect says that once we like somebody, we're more likely to look for his or her positive characteristics and avoid the negative ones. Realize your biases toward certain people and do what you can to eliminate them.