People find information easier to understand in story form. Facts are dry and difficult to remember; tales are engaging. People more easily find meaning in historical events, economic policy and scientific breakthroughs through stories. Relying on narratives to explain the world leads to story bias, which, unfortunately, distorts reality.
The “fundamental attribution error” is a related misconception. People tend to give credit or blame to a person rather than a set of circumstances. Thus, CEOs receive undue credit for a firm’s profits, or crowds cheer coaches when teams win.
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Dobelli shared some common thinking mistakes. Knowing these errors won’t help you avoid them completely, but it will help you make better decisions – or at least teach you where you slipped.
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