Overcoming Bias has a good overview of the hindsight bias (which also figures prominently in Nassim Taleb’s The Black Swan) and how it has a (usually negative) effect on everyday life:
Viewing history through the lens of hindsight, we vastly underestimate the cost of effective safety precautions. In 1986, the Challenger exploded for reasons traced [...]
Archive for August, 2007
The Hindsight Bias
Posted in biases on August 16, 2007 | Leave a Comment »
Nassim Nicholas Taleb on Charle Rose
Posted in biases on August 10, 2007 | Leave a Comment »
NNT discussing The Black Swan on the Charlie Rose show (via Paul Kedrosky).
Surviving on $3.5 million in Silicon Valley
Posted in biases on August 6, 2007 | Leave a Comment »
The New York Times wrote an article describing the travails of various Silicon Valley workers who are “single digit millionaires” who continue to work. My personal experience has been that people who continue to work when they don’t need to do it because they enjoy the work however the article highlighted people who don’t think [...]
