Thinking in Bets - Chapter 3 - Bet to learn
How people should learn by watching outcomes and why they do not learn?
There are many unknown circumstances - so we do not know the real cause of the outcome. Luck also plays a big part here, so we don’t know if it’s luck or skill.
Also we are distorted with our biases:
- self-serving bias
- and inverted self-serving bias
How to overcome our biases and learn better?