The World's Best Book Summaries
What is narrative fallacy? When and why do you make this fallacy, and how can you avoid it? The narrative fallacy is the tendency to create a story with cause-and-effect explanations out of random details and events. We fall victim to the narrative fallacy because our brains want to make sense of a random world. Learn why your brain is so prone to falling for the narrative fallacy and how to counter it.
What is the endowment effect? Am I affected by it? How does it function in my everyday life? The endowment effect is the theory that people keep an object and value it more highly once they own it. In essence, the endowment effect causes people to overvalue their belongings. We’ll look at three examples of the endowment effect and how you’re susceptible to it.
What is hindsight bias? How does it work, and how can you avoid it? Hindsight bias is the tendency to believe you have predicted events or outcomes that were unpredictable. Hindsight bias is a problem because it inflates our confidence about predicting the future. We’ll look at hindsight bias examples that make the above definition clearer. Learn why the hindsight bias in psychology is an issue and how to overcome it.
What is “fast thinking?” When should you use it, and when should you slow down? Fast thinking is thinking that is automatic and quick. It uses little or no effort, and no sense of voluntary control. Learn when to trust your fast thinking and why formulas usually beat intuitions.
What is outcome bias? How does it manifest in your everyday life, and how can you avoid it? Outcome bias is the tendency to evaluate the quality of a decision when the outcome is already known. People who succeeded are assumed to have made better decisions than people who failed. We’ll look at outcome bias examples and why we’re so vulnerable to outcome bias.
What is “slow thinking?” How can you use it to become a better thinker and make better decisions? Slow thinking is when you allocate attention to the effortful mental activities that demand it, including complex computations. It’s often associated with the subjective experience of agency, choice and concentration. We’ll cover what slow thinking is and how to use it to make better decisions.
What is the planning fallacy? How can I avoid it? And what are some examples of the planning fallacy? The planning fallacy is the phenomenon of habitually underestimating the amount of time and resources required to finish a project. When estimating for a project, you tend to give “best-case scenario,” which rarely happens. We’ll look at a planning fallacy example that fleshes out the above definition, and cover how the planning fallacy works and how to avoid it.
When you’re sick or injured, can homeopathy cure or heal you? Although some people swear by homeopathic remedies, many people say homeopathy doesn’t work. One person suggesting homeopathy doesn’t work is Tara Westover. In her memoir Educated, Westover writes about her family’s anti-medicine stance and her parents’ dependence on homeopathy rather than hospital visits. Below, read about how homeopathic remedies were used in her childhood home.
Who is Brer Rabbit? And why is he so important to the history of the Civil Rights Movement? Brer Rabbit is a popular character in Southern lore who uses his wits to outsmart characters who are stronger and more powerful than he is. We’ll cover how the Brer Rabbit stories inspired the leaders of the American Civil Rights Movement, and what you can learn from both the stories and the movement.
Losing a parent is one of the most devastating things that can happen to a child. But, once the initial, most acute grieving subsides, is it possible that losing a parent can make a child stronger? We’ll cover the theory of “desirable difficulties” and look at why it may not be a coincidence that some of the most successful people in history lost a parent when they were young.