Thinking, Fast and Slow

1 min read

From the goodreads review

We are irrationally prone to jump to conclusions based on rule-of-thumb shortcuts to actual reasoning, and in reliance on bad evidence, even though we have the capacity to think our way to better conclusions. But we’re lazy, so we don’t.

Your environment has a large impact on your actions.

We don’t understand statistics, and if we did, we’d be more cautious in our judgments, and less prone to think highly of our own skill at judging probabilities and outcomes.

Life not only is uncertain, we cannot understand it systemically, and luck has just as much to do with what happens to us – maybe even more – than we care to admit.

When in doubt, rely on an algorithm, because it’s more accurate than your best guess or some expert’s opinion.

Above all, determine the baseline before you come to any decisions.

December 30, 2015