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Predictably Irrational: The Hidden Forces That Shape Our Decisions is a 2008 book by Dan Ariely, in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick.
44 memorable Charlie Munger quotes about life and markets. Julia La Roche. November 28, 2023 at 5:53 PM. Charlie Munger, ... On mental models and decision-making frameworks:
Making hard choices implicitly entails "making predictions about the course of future events," [3]: 101 but successful decisions require "a better-than-chance understanding of where the paths you're choosing between are going to take you. You can't be farsighted if the road ahead is blurry."
The challenge is to sift through and focus on only the most critical information. The other information may be irrelevant and confusing. Collecting more information, in most cases, may reinforce our judgment but does not help make it more accurate. Gladwell explains that better judgments can be executed from simplicity and frugality of ...
More Mark Cuban quotes: Wednesday, March 2: "Shallow men believe in luck or in circumstance. Strong men believe in cause and effect."--Ralph Waldo Emerson. Thursday, March 3:
Previous research into decision making. Noom's research looks at the informed choices we make on a daily basis and doesn't factor in the teeny tiny choices we make without even realising it. So ...
The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better than could have been made by any single member of the group.
Philosophers have sought to eliminate these contradictions by locating right and wrong in a single part of the decision-making process: for example, in the actions we take (e.g. Kant), in our character (e.g. Aristotle, virtue ethics) or in the consequences of our actions (e.g. Utilitarianism).