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Introduction- Cognitive errors
It's very common that each and every one of us makes mistakes, what the author, Rolf Dobelli says, experts call as cognitive errors.
Some of these errors are:
- We overestimate our knowledge more often
- Fear of losing, drives us much more than gaining something of similar value
- We tend to adjust our behaviour in the presence of others
- Exceptional stories make us neglect the average success rate of an action
- And many such more...
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Swimmer's body illusion
- Cosmetics products are sold by beautiful models and the products have no causal effect on their good looks
- Good universities are good because they take good students in and not the other way around
- And the main analogy from which the error ge...
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Survivorship Bias
This bias or error is about how one can systematically overestimate their chances of success. The probability of your start up being successful, of you becoming a royalty winning writer or becoming the next Led Zeppelin are next to zero, and yet, we ignore it. The reason we ignore it is ...
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Clustering Illusion
We tend to try to see patterns where none exist
- Patterns in clouds
- Faces in food
- Patterns in stokc markets
There are lot of stuff in which we may think there is a pattern but more often than not theu are just conicidental.
Humans are oversens...
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Although this book may not hold the key to happiness, at the very least it acts as insurance against too much unhappiness.
ROLF DOBELLI
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