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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
49
308 reads
MORE IDEAS ON THIS
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...
49
181 reads
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 s...
71
478 reads
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 ...
49
175 reads
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...
43
184 reads
CURATED FROM
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The Blindspot Of Ignorance And Incompetence
Humans are not very good at self-evaluation and may be unaware of how ignorant they are. This psychological deficiency is known as the Dunning-Kruger Effect, where an illusory superiority clouds the individual and forms a cognitive bias which makes them hold many overly ...
Making friends = Making happiness
Time spent making friends has a higher happiness Return on Investment than time spent making money.
Also, introduce friends to friends. Friends becoming happy increases your chance of happiness by 45%. Keeping the network happy protects you against unhappiness.
Inefficiency creates a buffer
Some inefficiency can be seen as an insurance policy.
Year after year, if you don't get into a car accident, you may think that you have 'wasted' money on insurance. But insurance enables us to be resilient against problems that could overtake us. To be prepared, we need ...
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