Think Twice
Harnessing the Power of Counterintuition
Summary:
The book delves into common decision-making errors caused by cognitive biases and suggests strategies for overcoming these pitfalls by adopting counterintuitive thinking. It provides insights into how to challenge initial judgments and intuitions with structured thinking processes to make better, more informed decisions.
Key points:
1. Inside vs. Outside View: Mauboussin highlights the need to balance personal experience (inside view) with statistical data from similar cases (outside view) to make better decisions and avoid overconfidence.
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