@haTohMeKyaKru Marriage to wade away loneliness is serious misconception. The person sitting on the other side is also an individual that needs care and attention. If you are mentally tired from work find effective mediums to recharge, a gf or wife isnt that.
Daniel Kahneman won the Nobel Prize for Economic Sciences.
His theory about Behavioral Finance is groundbreaking.
Today, I am sharing all his public writings with you for free:
10 Biases that distort your Decision-Making:
1. Self-Serving Bias - Our failures are situational, but our successes are our responsibility.
2. Curse of knowledge - Once we know something, we assume everyone else knows it, too.
3. Dunning-Kruger Effect - The less you know, the more confident you are. The more you know, the less confident you are.
4. Belief Bias - We judge an argument's strength not by how strongly it supports the conclusion but by how plausible the conclusion is in our own minds.
5. Escalation of Commitment - We invest more in things that have cost us something rather than altering our investments, even if we face negative outcomes.
6. Gambler's Fallacy - We think future possibilities are affected by past events.
7. Zero-Risk Bias - We tend to reduce small risks to zero, even if we can reduce more risk with another option.
8. Outgroup Homogeneity Bias - We perceive out-group members as homogenous and our own in-groups as more diverse.
9. Clustering Illusion - We find patterns and clusters in random data.
10. Blind Spot Bias - We overlook biases in our own decision-making and see them more in others.
Which of these is troubling you the most?😅
The Curse of Knowledge is up there for me.
@Uber_India you must know for a fact that even your uber premier drivers do not put the AC on in bangalore even when requested multiple times. It is unfair to the customer considering the fact that Bangalore has got a hot summer and loads of dust in the air.
If my reading content helps you, follow me on @warikoo for more such threads every week.
Quote Retweet the first tweet with your favorite book and I'll pick a winner who will get their book delivered to their doorstep.
@hilalmohammed93@airasia I am also travelling in the same flight. What a pathetic service , I had to be at vizag for a function at 5 PM and your rescheduled flight is at 8 PM. To add more your chat bot is extremely useless !!
Charlie Munger is a modern-day polymath and one of the most respected investors of all time.
He credits reading 500 pages/day with much of his success—his children even call him a book with legs.
Here are 20 of the most transformative books he recommends (to read first):
We get asked often how is @zerodha profitable when most new-age companies aren't. The answer is simple: our cost of acquisition (CAC) is 0. If we had to spend heavily, we wouldn't be.
CAC at 0 is a philosophical decision, a bit like Dr K on hiring & building products 1/5
In 1994, Jeff Bezos famously spotted a stat that made him leave his high-paying PE job to start Amazon:
💡 The Internet was growing 2300% per year.
What are the generation-defining stats of today?
I'll post a few to kick things off...
If you use it right, Google is the most powerful tool in the world.
But the truth is most people suck at it.
Here are 8 Googling tips that you probably don't know👇