Have you ever had—while driving—that extraordinary experience where anyone driving slower than you is an idiot, while anyone driving faster is a maniac? That, my dear reader, is an example of the Correspondence Bias in full-blown action. Generally, this bias refers to the tendency…
“Imagine you pick 1 million random people from around the world every day,” said Toby McDade, chief investment officer of Momentum Fee Capital Management. “Some days, 51% would be in a good mood, 49% in a bad mood. The next…
I blogged about our deficits in predicting the future the other day and mentioned not only our tendency to compare the present to the past, but also how we tend to get history wrong—by neglecting the impact that accidents and chance had on them. Isn’t our place in history today…
Yes, that’s right, you have read the header correctly. Because if you know something, you can’t appreciate what it’s like not to know it. And this is when better-informed people encounter problems thinking about problems from the perspective of their less-informed…
You can? That’s great! Because I would like to share what I recently read about “time pressure” and why it seems to be on the rise in these modern times. Initially, I thought that I knew the answer; the pace of life…
Have you ever wondered why you can become revved up and an exuberant risk taker, when flying high, or hesitant and risk-adverse, when cowering from your losses in the stock market? We have the impression that it is our deliberative mind that makes the most important decisions in…
I am very glad that more and more of you are stopping by the Tacomob-website and I feel specially encouraged by all your positive E-mails. One of the more frequent questions asked has formed the header to this post and there are dozens of answers to…
I beg your pardon? Did you just answer with a Yes? That is great, because that proves that you are human and/or a human being. Did you know that the human being is the only animal that thinks about the future? We—human beings—think about the future…
Chapter 1: You are What You Think “You are today where the thoughts of yesterday have brought you and you will be tomorrow where the thoughts of today take you.” — Blaise Pascal We can’t change other people and our…
Let me ask you: “Do you feel the urge to check your latest Facebook friends’ updates, news-feeds or Instagram photos—on the go? And do you succumb to this urge; thereby coincidentally increasing the probability of eliminating yourself—prematurely—from the gene pool?” The…