Bias, Chow Yong Han, Page 2

Optimism is a necessary ingredient to progress when the odds are against you

(Excerpt from Same As It Ever Was by Morgan Housel) We tell ourselves stories about our potential for progress because if we’re realistic about how common failure and pain is, we’d never get off the couch. Few would...

August 2, 2020| Overconfidence Bias, Success Read More

Investors are overconfident that they won’t lose everything

(Excerpt from The Interesting Times: Reality Has a Surprising Amount of Detail by Taylor Pearson, 10 Apr 2020) People starting businesses tend to assume that losing everything is a real possibility. People investing in...

April 13, 2020| Overconfidence Bias Read More

Communicate practical knowledge to the masses vs deepening the depth of knowledge

(Excerpt from The Edge Singapore Issue 923, 9 Mar 2020, by Howard Yu is a Professor of Management and Innovation at the IMD Business School in Switzerland and Singapore and director of IMD’s signature Advanced...

March 9, 2020| Curse of Knowledge Read More

Why the lottery makes people happy

(Excerpt from Motherfucking Monday by Mark Manson 2 Mar 2020) A new academic study published last week looked at why the lottery makes people happy, despite the fact they’re essentially setting their money...

March 3, 2020| Life, Self-serving Bias Read More

We don’t explain success, we rationalise success

(Excerpt from The Star Principle by Richard Koch) As Professor Phil Rosenzweig of the IMD business school in Switzerland demonstrates, nearly all the usual explanations of business success are useless and exaggerate...

February 18, 2020| Confirmation Bias Read More

You are more open to learning if you assume you are below-average

(Excerpt from Hell Yeah! or Hell No! By Sam Kyle) Ninety-six percent of cancer patients claim to be in better health than the average cancer patient. Ninety-four percent of professors say they are better-than-average...

January 28, 2020| Inversion, Overconfidence Bias Read More

Smart people come up with more bullshit stories

(Excerot from Mark Manson’s Motherfucker Monday 13 Jan 2020) The smarter you are, the easier it is to come up with bullshit to avoid what makes you uncomfortable. Over the years, I’ve noticed the smartest people...

January 16, 2020| Ego, Overconfidence Bias Read More

A common label doesn’t differentiate you from your competitors

(Excerpt from The Pumpkin Plan by Mike Michalowicz) A broker, a business coach, a lawyer, a whatever…these are all labels. These labels put you in a generic category, making it easy for clients and prospects to...

December 12, 2019| Stereotype, Strategy Read More

Nuclear, flying and guns are safer than you think

(Excerpt from Motherf*ckin’ Monday 4 Nov 2019 edition by Mark Manson) Quite simply, nuclear power would save lives. For every nuclear power accident, hundreds of thousands of people die due to fossil fuel-related...

November 11, 2019| Availability Bias, Inversion, Nonlinearity Read More

When to use your gut instinct?

(Extracted from James Clear’s 3 ideas, 2 quotes, 1 question (October 10, 2019) Gut reactions are usually very wrong or very right. They tend to be wrong when they are based purely on emotion and in domains where...

October 15, 2019| Bias, Life Read More