The World's Best Book Summaries
What is omission bias? Why does it occur? Omission bias is the tendency to choose omission (inaction) over commission (action). Omission bias occurs because you feel guilty when your action leads to negative consequences, and less guilty when inaction leads to negative consequences. Keep reading to learn about the psychology behind omission bias and why your brain tends to favor inaction over action.
What is inattentional blindness? Why does this effect occur? Inattentional blindness is a tendency to zone in on certain aspects of a situation and disregard the rest. Inattentional blindness is the result of the brain’s limited cognitive capacity: it simply doesn’t have the resources to process everything. Keep reading to learn about the phenomenon of intentional blindness, why it occurs, and how to combat it.
Are we living in the age of false knowledge? How did the advent of the internet contribute to the spread of false knowledge? In the internet age, false knowledge is spreading like wildfire. People consider themselves experts because they have easy access to information, but they never gain a deeper understanding of it. Here’s how the advent of the internet has given rise to the age of false knowledge.
What is information overload? What’s the problem with having too much information? The dangers of information overload have grown increasingly severe in the modern world because there’s so much information available. According to Rold Dobelli, the author of The Art of Thinking Clearly, excess information causes problems in two ways: burying basic facts and wasting time. Keep reading to learn about the dangers of information overload.
Is Morgan Housel’s The Psychology of Money worth reading? What is the key message to take away from the book? Most of us assume financial success depends on education and intelligence. But in The Psychology of Money, finance expert Morgan Housel presents an alternate hypothesis: The key to financial success lies in understanding human behavior. Here’s our The Psychology of Money review, including background, context, and critical reception by the readers.
How does childhood conditioning shape our behavior in adulthood? Is it possible to shake off the weight of early conditioning? Childhood conditioning often weighs on people even in their adult years. This conditioning may leave some adults feeling like they don’t have the power to make their own choices in life. Luckily, this is a behavior growth obstacle that can be overcome. Here are four steps for developing autonomy in adults, according to psychiatrist Eric Berne.
What is alternative blindness? How does alternative blindness affect decision-making? Alternative blindness is a decision-making bias where you hone in on two options, neglecting alternatives. This bias can manipulate you to follow other people’s plans. It makes Option A seem like your only choice when a different option could actually suit you better. Keep reading to learn about alternative blindness bias, why it happens, and how to overcome it.
What are some of the most common logical fallacies? Why do these fallacies occur? There are two main kinds of thinking: fast and instinctive, and slow and logical. Both play important roles, but both cause logical fallacies when used in the wrong situation. Here are some of the most common logical fallacies that come from using the wrong kind of thinking.
What is survivorship bias? Why does it occur? Survivorship bias is where you anticipate a higher chance of success in a project or venture than you actually have of achieving. This happens because success is more widely publicized than failure. Let’s explore the definition of survivorship bias and how not to fall prey to it.
How would you describe your relationship with money? Why do so many people act in so many different ways when it comes to money? According to Morgan Housel in his book The Psychology of Money, every person has a different relationship with money based on a few factors: what you live through, the financial climate, unemployment rates, etc. That’s why, no matter how much financial advice is out there, people will continue to act on what feels right to them. Here’s why subjective rationality plays a huge role in your views of money.