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We are genetically programmed with herd instinct -- to follow the crowd. However, it does not always mean that when the crowd does something, that action of choice is correct.
"If fifty million people sat something foolish, it is still foolish" - W. Somerset Maugham
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When you start seeing a pattern in something, always consider the possibility that the occurence is simply by chance.
We tend to overestimate the chances of success because success stories are more likely to be reported, while failure stories do not.
"Behind every popular author you can find a hundred other writers whose books never sell."
How to elude the survivorship bias?
Swimmer's body illusion is whenever we confuse selection factors with results.
Some people are born with selection factors that makes them eligible for the success that they have now achieved. For example a swimmer might not have a perfect body because he swims, but because he was genetica...
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Introspection is blind to construction. This does not mean that our introspective guesses are never accurate, just as you might guess the correct answer to a multiple-choice question.
When you don’t know the actual facts about yourself, your consciousness pieces together a compelling stor...
Leaving a task to the last minute may makes us feel like we are working faster to complete the task. However, it does not mean we work better.
Time pressure generally impairs performance because it limits thought and action. Parkinson's law suggests that "work expands so as to fill th...
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