Ada Lovelace: the power of imagination and poetical science

Ada Lovelace is considered the world’s first computer programmer. In 1842, Lovelace translated an Italian publication about Charles Babbage’s Analytical Engine into English. However, this was no ordinary translation. Lovelace added extensive notes of her own, suggesting ways the Analytic Engine could be programmed to calculate certain equations using a series of punch cards. Her … Read More

Your circle of competence: should you stick within it or step outside of it?

Should you stick to what you know, or is it wiser to broaden your abilities? Some people may tell you to only take on projects that fall within your circle of competence, while others will advise you to get out of your comfort zone. Who’s right? The circle of competence model states that everyone has … Read More

Belief perseverance: why we cling on to old ideas

Our beliefs can help us navigate the world around us. However, when our beliefs do not line up with reality, they can cause harm to ourselves and others. Also, these beliefs can become so deeply ingrained that they become very challenging to unlearn, even when presented with new information. This phenomenon is called belief perseverance. … Read More

The art and science of abstract thinking

What is something we only become capable of doing after age eleven, that helps us solve complex problems and write poetry, but needs to be yielded carefully? That’s abstract thinking, a powerful tool for creativity and innovation which anyone can learn how to use better. The difference between concrete and abstract thinking Concrete thinking is … Read More

Attentional bias: the invisible puppeteer behind our decisions

Most people feel that, within the constraints they need to navigate, they are in control of their decisions. But we often automatically follow a train of thought or an external cue without noticing the selective factors in our attention. This phenomenon is called the attentional bias, and it affects many of the decisions we make. … Read More

Projection bias: how your “emotional temperature” impacts your decisions

We constantly make decisions that will affect our lives in the future. That future can be one hour from now (what’s for lunch?) or one year from now (should I hire an assistant?). Unfortunately, the brain has a hard time imagining what our future selves will need. Instead, it takes mental shortcuts and makes choices … Read More

The impact of the ambiguity effect on decision-making

When something is described as ambiguous, it means that it is confusing, unclear, or open to different interpretations. Entrepreneurs face ambiguous situations all the time; it’s the nature of the business. For example, entrepreneurs make decisions about pricing, marketing, vendors, and finances that don’t have certain outcomes. In addition, entrepreneurs often have to make choices … Read More