Luck

Thinking in Bets - Chapter 4 - The Buddy System

Thinking in Bets - Chapter 4 - The Buddy System

Translations: RU

People are not ready to consider themselves the source of the problem they are facing (their skill), they blame other people/circumstances (luck). How to overcome this issue?

One of the solution is to create “truth-seeking group” with your colleagues/friends/partners/“buddies”. And such a group should follow specific rules that would increase rationality…

Thinking in Bets - Chapter 3 - Bet to learn

Thinking in Bets - Chapter 3 - Bet to learn

Translations: RU

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?