Reward

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?