![]() ![]() ![]() Here are 3 lessons from Fooled By Randomness: What Nassim Nicholas Taleb does with his work and specifically this first book of his four-volume Incerto is show you where those short circuits are, so you can at least avoid them. The reason I’m telling this story is that there are dozens of these short circuits in your brain, called biases, and when they cause you to make a bad decision, you get a real-life version of the small electric shock described above – only that it’s often not so small. Because you’re no electrician, what do you do? Simple: from now on, you avoid pressing the lower light switch. Somehow, a short must’ve sneaked into the wires. You turn it off again and press the lower one to test it too, and BZZZZZZ – you get an electric shock! You press the upper switch and the light goes on. Imagine this: You’ve just moved into a new place, and when you enter your new room for the first time, you see two switches for the light. ![]() Listen to the audio of this summary with a free reading.fm account: ![]()
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