Misbehaving: The Making of Behavioral Economics
Rate it:
Open Preview
72%
Flag icon
“There are Humans. Look around.” The first step to overturning conventional wisdom, when conventional wisdom is wrong, is to look at the world around you. See the world as it is, not as others wish it to be.
72%
Flag icon
Collect data.
73%
Flag icon
People become overconfident because they never bother to document their past track record of wrong predictions, and then they make things worse by falling victim to the dreaded confirmation bias—they only look for evidence that confirms their preconceived hypotheses.
73%
Flag icon
“If you don’t write it down, it doesn’t exist.”
73%
Flag icon
Speak up.
73%
Flag icon
When your opportunity costs are low, it pays to take risks and speak up, especially if the course you pursue is as much fun as the one I have taken.
73%
Flag icon
Good leaders must create environments in which employees feel that making evidence-based decisions will always be rewarded, no matter what outcome occurs.
1 2 3 5 Next »