8. Illusion of Control - Deepstash
8. Illusion of Control

8. Illusion of Control

A man wearing a red hat arrives at the city center every day at 9:00 a.m. and wildly waves his hat for five minutes. One day, a police officer asks what he’s doing. “I’m keeping the giraffes away,” he replies. “There aren’t any giraffes here,” the officer states. “Then I must be doing a good job,” responds the man. Like the red-hat guy, people take credit for influencing situations where they have little control. They pick lottery numbers because they believe they have a better chance of winning that way than with numbers the machine randomly assigns. 

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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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Making Better Decisions

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