The Drunkard's Walk: How Randomness Rules Our Lives
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Read between September 15 - September 26, 2024
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The answer lies in a phenomenon called regression toward the mean. That is, in any series of random events an extraordinary event is most likely to be followed, due purely to chance, by a more ordinary one.
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the availability bias because in reconstructing the past, we give unwarranted importance to memories that are most vivid and hence most available for retrieval.
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“Did all the Romans who fell at Cannae have the same horoscope?” Cicero asked. “Yet all had one and the same end.”