Posts

Showing posts from August, 2023

The Art of Thinking Clearly – Rolf Dobelli - Review

Image
Cognitive error is a failure to think clearly under various conditions which is widespread amongst learned, intellectual or regular section of people. Rolf Dobelli has elucidated 99 of such scenarios wherein irrational side of human behaviour is exhibited. There isn’t a specific flow to the narrative but the idea is around picking different scenarios wherein we are easily lead to an irrational decision. I have highlighted a bunch of interesting bias Survivorship Bias – People overestimate the chance of success and negate super significant failure rate. Setting out to become movie stars, starting a new firm or path towards national team selection has a significant error in misjudgment on their chance of succeeding. The failure rate of start up is 90% and 10% of them don't even survive a single year in business. External Illusion – Models are signed up for cosmetics ads because they score highly on beauty aspect and didn’t attain the same through cosmetics. However, the viewers