The World's Best Book Summaries
What does solving problems at work mean? How can you effectively solve problems using the Principles tools? Solving problems at work is an important part of working as a team. When you work together, you can find and solve problems more effectively. Read more to find out about solving problems at work, and why you need to work on acquiring problem-solving skills.
What is the representativeness heuristic? How does it affect decision making? The representativeness heuristic is a bias that comes from trying to understand information by categorizing. The problem arises from stereotyping in these situations. Read on to understand the representativeness heuristic.
What are heuristics and biases? Are there common heuristics most people use? Heuristics and biases are rules of thumb or cognitive shortcuts people use. Instead of thinking carefully about every trivial choice, common heuristics help with efficiency. Read more about heuristics and biases in everyday life.
What are second order consequences? How does embracing radical transparency lead to weighing consequences? Everything you do has first, second, and third order consequences. Second order consequences are a type of consequence that are a longer term and are less directly related to the action. Read more about these types of consequences below.
What is mortgage discrimination? Who is affected by discrimination in mortgage lending? Mortgage discrimination is a problem for people of color and less educated communities. Certain mortgages are also less advantageous regardless of the discrimination in mortgage lending. Read on to learn about mortgage discrimination and how to identify lending issues.
What are financial nudges? How can financial nudging help people improve their lives? Financial nudges are used for savings, investing, and borrowing decisions. These encourage greater savings, improved returns, and less bad debt. Read more about financial nudges and how they can help you.
Can you use choice architecture in your daily life? What are some Nudge theory practical examples to guide you? Choice architecture is the concept of mapping options to benefits and drawbacks. Nudge theory practical examples are rooted in the effective use of choice architecture. Read on to see some Nudge theory practical examples that you can apply to your own life.
What is the autoimmune encephalitis recovery process like? What are the signs of autoimmune encephalitis recovery? Autoimmune encephalitis recovery is a long and slow process. Even after being discharged from the hospital, Susannah Cahalan did not feel like herself again. Read more about the autoimmune encephalitis recovery process and what happened to Susannah.
What is Pure Alpha? How does the Bridgewater Pure Alpha strategy work, and why did Ray Dalio establish this fund? Pure Alpha is a fund that Ray Dalio established following some of Bridgewater’s struggles in the 1980s. The Bridgewater Pure Alpha strategy works a little differently than most funds, but it remains one of the most successful funds of all time. Read more about Pure Alpha and how it works below.
What are some nudge policy examples? How do they illustrate what is possible with a nudge? Nudge policy examples are illustrative of how choice architecture can work in a number of settings. Nudges can work for the environment, education, organ donation, and more. Keep reading to see nudge policy examples.