Our Technical Director had this book on his shelf for a long time, I would always see it when I entered his office. So I bought it when I last finished a book on investing.
One of the most important books I’ve ever read – an indispensable guide to thinking cleaely about the worldBill Gates
With a review like that from Mr Gates himself, who am I to say anything? I completely echo Bill’s thoughts. Being a data drive guy and also someone who is aware of our built-in biases I am always looking to ensure I am aware of these shortcomings and to develops skills to counter the downsides.
I have seen Hans Rosling’s TED talks and the passion that man had was infectious. Anyone can be inspired by his energy. This is a fascinating book who shows how ill-informed we are and how our worldview is distorted, to say the least. This distorted view always leads us to act in a way which is not correct.
Each chapter talks about a potential pitfall when it comes to how to analyse data
- The gap instinct
- The negative instinct
- The straight line instinct
- The fear instinct
- The size instinct
- The generalisation instinct
- The destiny instinct
- The single perspective instinct
- The blame instinct
- The urgency instinct
Few interesting highlights
- ignorance (by which I do not mean stupidity, or anything intentional, but simply the lack of correct knowledge)
- Everyone seems to get the world devastatingly wrong. Not only devastatingly wrong but systematically wrong. By which I mean that these test results are not random. They are worse than random: they are worse than the results I would get if the people answering my questions had no knowledge at all.
- Every group of people I ask thinks the world is more frightening, more violent, and more hopeless—in short, more dramatic—than it really is.
- Step-by-step, year-by-year, the world is improving. Not on every single measure every single year, but as a rule. Though the world faces huge challenges, we have made tremendous progress. This is the fact-based worldview.
- the overdramatic worldview is so difficult to shift because it comes from the very way our brains work.