The good ol’ gut feeling

We sometimes tend to think that ideas and feelings arising from our intuition are essentially superior to those achieved by reason and logic. As such, intuition—the good old “gut feeling”—has come to be idealized as the Noble Savage of the mind, fearlessly cutting through…

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Don’t get framed by …

… the Framing Bias.  This is another beautiful mental shortcut that we use to solve common problems. Although this heuristic speeds up processing in our brain, it occasionally makes us think so fast that we miss what is important. When heuristics work, they…

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Don’t trust yourself

Have you ever been convinced that you could predict how well you would perform in any stock market situation? If the answer is yes, then you are suffering from the Dunning-Kruger Effect. What that effect literally means is that you are so bad at a…

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Correction

In my earlier blog post, I asked which animal kills more people? Despite that the Hippopotamus emerged victorious; in truth, the animal that creates by far the greatest havoc to humankind is the Black Swan. How so? Because the most influential and devastating events in history…

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Got any habits?

Let’s talk about Habituation. Habituation is really just another trick that our inner con man plays on us: He makes us believe that wonderful things are especially wonderful the first time they happen, and that their wonderfulness wanes with repetition. “Psychologists call this effect habituation,…

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Have you ever been wrong?

If your answer is yes, you are an honest chap.  If your answer is no, either you are lying to yourself or your name must be Nobody (“Nobody is perfect”).  Or you are a candidate running for president—the best any country ever had.  I would…

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