World's Ways

Two-three years ago I came across a quote saying “Biggest action is not conforming with the world’s ways.” At that time I was oblivion and don’t know what is meant by the world’s ways in the above quote. After reading “The Art ofThinking Clearly” by Rolf Dobelli, I have a rough idea about it.

To be precise Rolf Dobelli mention 99 types of phycological process that can create an obstacle in thinking and decision making. We all affected by these biases to some extent.He also mentions few experiment performed by Dan Ariely in his book “Predictably Irrational”. So you can consider this blog as an extension of my previous blog that is “Human Behaviour and Economics.”

“The Art of Thinking Clearly” is more like a textbook that can help us in making better decisions in every aspect of our life. While reading it, I realise that I had seen many examples from this book on youtube and facebook. I suggest you start with an epilogue at the back of the book. This book is very rich in content whose glimpse is given below.

  1. Survivorship bias: Why I should visit Cemeteries
  2. Swimmer’s Body Illusion: Does Harvard make me smarter?
  3. Clustering Illusion: Why I see shapes in the Clouds
  4. Social Proof: If 50 million people say something foolish
  5. Sunk Cost Fallacy: Why I should forget the past
  6. Reciprocity: Don’t accept free drinks
  7. Confirmation Bias 1: Beware the special case
  8. Confirmation Bias 2: Don’t get too attached for the wrong reasons
  9. Authority Bias: Don’t bow to Authority
  10. Contrast Effect: Leave my supermodel friends at home
  11. Availability Bias: Why we prefer a wrong map to no map at all
  12. The It’ll-Get-Worse-Before-It-Gets Better Fallacy
  13. Story Bias: Even true stories are fairy tales
  14. Hindsight Bias: Why I should keep a diary
  15. Overconfidence Effect: Why we systematically overestimate our knowledge and abilities
  16. Chauffeur Knowledge: Don’t take news anchors seriously
  17. Illusion of Control: I control less than I think
  18. Incentive Super-Response Tendency: never pay my lawyer by the hour
  19. Regression to Mean: The dubious efficacy of doctors, consultants and psychotherapists
  20. Outcome Bias: Never judge a decision by its outcome
  21. The Paradox of Choice: Less is more
  22. Liking Bias: You like me, you really, really like me
  23. Endowment Effect: Don’t cling to things
  24. Coincidence: The inevitability of unlikely events
  25. Groupthink: The calamity if conformity
  26. Neglect of Probability: Why I will soon be playing mega trillions
  27. Scarcity Error: Why the last cookie in the jar makes my mouth water
  28. Base-Rate Neglect: When we hear hoofbeats, don’t expect a zebra
  29. Gambler’s Fallacy: Why the balancing force of the universe is baloney.
  30. The Anchor: Why the wheel of fortune makes my head spin
  31. Induction: How to relieve people of their millions
  32. Loss Aversion: Why even strike harder than good
  33. Social Loafing: Why teams are lazy
  34. Exponential Growth: Stumped by a sheet of paper
  35. Winner’s Curse: Curb my enthusiasm
  36. Fundamental Attribution Error: Never ask a writer if the novel is autobiographical
  37. False Casualty: Why we shouldn’t believe in stork
  38. Halo Effect: Everyone is beautiful at the top
  39. Alternative Paths: Congratulation! I’ve won Russian Roulette
  40. Forecast Illusion: False prophets
  41. Conjunction Fallacy: The deception of specific cases
  42. Framing: It’s not what I say, but how I say it
  43. Action Bias: Why watching and waiting is torture
  44. Omission Bias: Why I am either solution or the problem
  45. Self-Serving Bias: Don’t blame me
  46. Hedonic Treadmill: Be careful what I wish for
  47. Self-Selection Bias: Do not marvel at My existence
  48. Association Bias: Why Experience can damage our judgment
  49. Beginner’s Luck: Be wary when things get off to a great start
  50. Cognitive Dissonance: Sweet little lies
  51. Hyperbolic Discounting: Live each day as if it were my last- but only on Sunday
  52. “because” Justification: Any lame excuse
  53. Decision fatigue: Decide better- decide less
  54. Contagion Bias: Would I wear Hitler sweaters
  55. The Problem with Averages: Why there is no such thing as an average war
  56. Motivation Crowding: How bonuses destroy motivation
  57. Twaddle Tendency: If I have nothing to say, say nothing
  58. Will Rogers Phenomenon: How to increase IQ of two states
  59. Information Bias: If I have enemy, give him information
  60. Effort Justification: Hurts so good
  61. The Law of Small Number: Why small things Loom large
  62. Expectation: Handle with care
  63. Simple Logic: Speed Traps Ahead!
  64. Forer Effect: How to expose a charlatan
  65. Volunteer’s folly: Volunteers work is for the birds
  66. Affect Heuristic: Why I am a slave of my emotions
  67. Introspection Illusion: Be my own heretic
  68. Inabilities to Close Doors: Why I should set fire to my ships
  69. Neomania: Disregard the brand new
  70. Sleeper Effect: Why propaganda works
  71. Alternative blindness: Why it never just a two horse race
  72. Social Comparison Bias: Why we take aim at young guns
  73. Primacy and Recency Effects: Why first impressions deceive
  74. Not-Invented-Hear Syndrom: Why I can’t beat homemade
  75. The Black Swan: How to profit from the implausible
  76. Domain Dependance: Knowledge is none transferable
  77. False-consensus Effect: The myth of like-mindedness
  78. Falsification of History: I am right all along
  79. In-group Out-group Bias: Why I identify with my political party
  80. Ambiguity Aversion: The difference between risk and uncertainty
  81. Default Effect: Why I go with the flow
  82. Fear of Regret: Why “last-chances” make us panic
  83. Salience Effect: How eye-catching details render us blind
  84. House Mony Effect: Source of money matters
  85. Procrastination: Why new year resolution doesn’t work
  86. Envy: Build my own castle
  87. Personification: Why you prefer novels to statistics
  88. Illusion of attention: You have no idea what you are overlooking
  89. Strategic Misrepresentation
  90. Overthinking: Where’s the off switch?
  91. Planning Fallacy: Why I take on too much
  92. Deformation Professionnelle: Those wielding hammers see only nails
  93. Zeigarnik Effect: Mission Accomplished
  94. Illusion of Skill: The boat matters more than the rowing
  95. Feature Positive Effect: Why Checklists Deceive me
  96. Cherry Picking: Drawing the Bull eye around the arrow
  97. Fallacy of the Single Cause: The stone age hunt for scapegoats
  98. Intention to Treat Error: Speed Demon make save drivers
  99. News Illusion: Why you shouldn’t read the news

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