“I’m an asshole cyclist. I’m that jerk weaving in and out of traffic, going the wrong way down a one-way street, and making a left on red. I’m truly a menace on the road.” Jim Saska is owning up to some pretty bad behaviour when on two wheels, but insists that he is not the reason you hate cyclists.
“When people face an uncertain situation, they don’t carefully evaluate the information or look up relevant statistics. Instead, their decisions depend on a long list of mental shortcuts, which often lead them to make foolish decisions. These shortcuts aren’t a faster way of doing the math; they’re a way of skipping the math altogether.” Jonah Lehrer contemplates the size of your bias blind spot.
“The brain is like a hybrid engine, constantly switching back and forth between reasoned calculation and rapid intuition. But what determines how we will handle a particular problem in life? How do we know what part of our cognitive repertoire will be in play today?”
“While conventional wisdom assumes entrepreneurs have great risk tolerance compared to the rest of us, we consistently found that they aren’t really that different. In some cases, they’re even more risk averse.” Researcher Brian Wu finds overconfidence to be the vital ingredient.