Sublime
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Making few bets forces you to make hard decisions. It’s extremely hard to measure the value of something against some abstract and absolute notion of value.
Proponents of diversification argue that it takes the edge off of making a mistake. That would be a good argument if people acted the same way independent of t... See more
Why Diversification Results In Mediocrity
Statistically speaking, if you want to predict who is predisposed against welfare, you can mostly ignore their economic principles. What you really need to know is their prejudices.
Keith Payne • The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
Egon Brunswik. Brunswik’s “lens model,” as it is known, provides a way of understanding how good judgments go bad. Brunswik’s model—which strikes at the heart of the snooper’s art—lays out the two ways you can make accurate judgments (using valid cues and ignoring invalid ones) and the two ways you can make faulty judgments (failing to use valid cu
... See moreSam Gosling • Snoop: What Your Stuff Says About You
Apart from a shared alarm at his recklessness, the members of the management team were not perfectly unified in their opinions of Sam. Tara had long since decided that he was dishonest and manipulative. Ben still thought him well-intentioned—but terrible at his job. But all felt themselves on a suicide mission.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
People in the aggressive pattern are able to self-reference and measure themselves accurately, but they habitually ignore anything that doesn’t support their self-idealization. When considering a task, they often measure only whether they will survive.
Steven Kessler • The 5 Personality Patterns: Your Guide to Understanding Yourself and Others and Developing Emotional Maturity
“left-wingers are more motivated by creativity, curiosity, and diversity of experience, whereas right-wingers are more motivated by self-control, norm attainment, and rule-following.”
Oxford University Press • The Oxford Handbook of Political Psychology (OXFORD HANDBOOKS SERIES)
Two factors are relevant: temptation and mindlessness.
Cass R. Sunstein • Nudge: The Final Edition
As Columbia Business School professor Eric Johnson explained to us, the more meaningful a potential loss is, the more loss averse we become. In other words, the more there is on the line, the easier it is to get swept into an irrational decision.
Rom Brafman • Sway: The Irresistible Pull of Irrational Behavior
Biased assessments of risk can perversely influence how we prepare for and respond to crises, business choices, and the political process.