• conciselyverbose@sh.itjust.works
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    15 days ago

    I don’t have any specific Wikipedia article, but if you want more in depth reading material, Thinking Fast and Slow is probably the authoritative work on bias, by one of the central figures to the emergence of behavioral economics.

    Misbehaving is another.

    The vast majority of books I read that touch on decision making or bias cite at least one or Daniel Kahneman or Richard Thaler, and they’re both reasonably accessible. If you want something more accessible than that, Thinking in Bets covers similar ground. Annie Duke targets general audiences well, but all of her books also make her strong foundation in the field of psychology and what the research supports pretty clear.

    Edit: You know what? I will pick one special one. Hindsight bias, or as Annie Duke calls it, resulting. A good decision doesn’t become a bad one when the result doesn’t work out the way you want. It is an opportunity to re-evaluate, and see if there were things you could have predicted given the information you reasonably had available at the time, but, you should do the same with decisions that work out. A good decision can result in a bad outcome and a bad decision can result in a good outcome. Make a continuous effort to improve your process, but separate the process from the results. Mortgaging your house to make a bet on the Super Bowl wasn’t genius if your team won.

    • Phunter@lemm.ee
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      14 days ago

      Anyone playing PvP games should be very familiar with hindsight bias.