The World's Best Book Summaries
What exactly are dreams? What is the science behind dreams? How can scientists research them? In his book Why We Sleep, Matthew Walker discusses dreams from a scientific point of view. He goes over older theories related to dreaming and explains what happens during the REM cycle. Here is what Walker has to say on the science behind dreams.
What are the most common biases? How do those biases affect your ability to make snap decisions? In the book Nudge, the authors discuss the most common biases which are the anchoring bias, the availability bias, the representativeness bias, the status quo bias, and the loss aversion bias. These biases, whether intentionally or not, can skew your judgments. Continue below to learn about each of the most common biases from Nudge.
What is Brené Brown’s Dare to Lead about? What are the four skills needed for brave leadership? Brené Brown’s Dare to Lead is the bible for brave leadership. The book seeks to get leaders to approach fear and uncertainty head-on, and to teach their subordinates to do the same. Brave leadership requires four skills and they are; facing vulnerability with courage, practicing your values, trust-building, and failure resilience. Below is a brief overview of the key takeaways.
Why does defensive behavior in the workplace occur? What are the major types of defensive behaviors? Defensive behavior in the workplace happens when the perception of being threatened pushes someone to develop habits and mechanisms to protect themselves. Perfectionism, suppression of authenticity, negative vices, and the tendency to avoid difficult situations are all common defensive behaviors. Read on to discover the types of defensive behavior in the workplace.
What is the difference between the rich and the poor mentality? In what ways do the rich and the poor differ when it comes to handling money? Your thoughts and beliefs about money tend to fall into either a rich mindset (an attitude that moves you toward financial success) or a poor mindset (an attitude that moves you away from financial success). In this article, we’ll explore the difference between the rich and the poor mentality.
What are the three kinds of decisions that warrant nudges? How can you improve your decision-making skills? In the book Nudge, Thaler and Sunstein explain that we make choices without realizing how the way they’re presented affects us. Not all decisions require nudges, but there are three common types that do. Keep reading to learn about the three kinds of decisions that warrant nudges.
How would you describe your mindset about money? Do you often mismanage your money? More generally, what role does mindset play in financial success? No matter how hard you work to accumulate money, or how many financial books you read or seminars that you attend, your finances cannot improve unless you improve your mindset. This is because your mindset will always find ways to sabotage the way you handle your money if the amount rises above your financial setpoint. In this article, you’ll learn how your money mindset is an accumulation of thoughts and beliefs that you picked up throughout
What are choice designers in the book Nudge? What steps do choice designers such as parents often take to influence their children to make better decisions? In the book Nudge, the authors present six techniques that can be used to influence the decisions of others. The authors present these methods in hopes that the choice designers will lead the choosers to a more positive decision, but many marketing companies use them to manipulate customers. Continue reading to learn how decisions can be influenced.
What are the most common investment biases? How do the authors of Nudge suggest overcoming those biases? In the book Nudge, authors Thaler and Sunstein note that the main reason people are nervous about investing and about defined contribution retirement benefits is because of the loss aversion bias. The authors discuss the nuances of loss aversion and some tips to overcome it. Continue below for advice on how to avoid investment biases, according to the authors of Nudge.
Is learning how to deal with failure at work important? How do you develop failure resilience? Knowing how to deal with failure at work helps you handle risks and try new ideas because you are confident in your ability to recover from any setback. You develop failure resilience by recognizing and questioning your emotional response to failure. You must also unravel any story you create around past failures. Read more about how to deal with failure at work.