Saturday, March 17, 2018
Somewhat less sure..........................
Black-and-white thinking, uncolored by the reality of uncertainty, is a driver of both motivated reasoning and self-serving bias. If our only options are being 100% right or 100% wrong, with nothing in between, then information that potentially contradicts a belief requires a total downgrade, from right all the way to wrong. There is no "somewhat less sure" option in an all-or-nothing world, so we ignore or discredit the information to hold steadfast in our belief.
Both of these biases cause us to see our outcomes through the equivalent of a funhouse mirror. The reflection distorts reality, maximizing the appearance of our skill in good outcomes. For bad outcomes, it makes skill all but disappear, while luck looms large.
-Annie Duke, Thinking In Bets: Making Smarter Decisions When You Don't Have All the Facts
Labels:
books,
Uncertainty
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