We all know that one chain-smoker who lived an old, healthy life. We read everyday about Steve Jobs, Bill Gates and Mark Zuckerberg—college dropouts who started billion-dollar companies. And we tend to attribute our own success to dedication rather than luck. These are all typical examples of survivorship bias. Survivorship bias is a common bias … Read More
“This is just wrong.” How many times have you heard that phrase during a heated conversation? Such categorical statements never seem to help in coming to an agreement, or at least to create opportunities to learn. Whether at an interpersonal level or at a broader scale, a lack of nuanced thinking can have a significant … Read More
As Einstein wrote in 1936: “All of science is nothing more than the refinement of everyday thinking.” Why is it that a skill as important as thinking is not a key focus in traditional schools? Why don’t we have classes on decision-making, cognitive biases, and mental models? Can we learn how to think better? It’s … Read More
Most people are familiar with post-mortem documentation, where team members come together at the conclusion of a project to record what went well and what didn’t. Fewer people have performed a pre-mortem before the start of a project. A pre-mortem is an exercise where we imagine that a project has failed, and where we work … Read More
Mental models are shortcuts for reasoning. They are a set of ideas and beliefs that we consciously or unconsciously form based on our experiences to shape our representation of how the world works. While mental models are extremely useful to make decisions in times of uncertainty, they are still shortcuts—which can be harmful if we … Read More
As humans, we tend to favour our present self at the expense of our future self. Our present self will eat an extra piece of cake, skip a training session, drink too much, stay up late, or procrastinate; our future self is left dealing with the consequences. This phenomenon is called temporal discounting. The further … Read More
Do you consider yourself an open-minded person? Most people would say yes. Which, paradoxically, shows a form of closed-mindedness by failing to consider your own shortcomings. Closed-mindedness in the inability or difficulty to consider different ideas or opinions. While it is easy to spot in others, we are all guilty of closed-mindedness depending on the … Read More
Why do ignorant folks tend to overestimate the extent of their knowledge? How do incompetent people often seem to be unaware of how deficient their expertise is? Turns out, we are not very good at evaluating ourselves accurately. And one of the most obvious manifestations of this psychological deficiency is the Dunning–Kruger effect, the cognitive … Read More
“It’s not rocket science!” people often say. Well, sometimes, projects can be so complex, making the right decision does feel akin to rocket science. Who better to turn to than one of the biggest space agencies in the world to learn how to manage risk? There are few organisations working on projects as complex as … Read More
“Sorry, I spaced out, what were you saying?” you ask your friend. It has happened to all of us: we are physically in place, while our mind is in another one. Mind wandering, while it can take many forms, is an experience of thought shared by all of humanity. Some people see it as a … Read More