From Annie Duke's book "How to Decide" Create a precommitment contract. Precommitment Contract (also known as Ulysses contract)- “An agreement that commits you in advance to take or refrain from certain actions, or raising or lowering barriers to those actions.Such...
Psychology Articles
Entrepreneurial Delusions
From Daniel Kahneman's book "Thinking Fast and Slow" Entrepreneurial Delusions. "The chances that a small business will survive for five years in the United States are about 35%. But the individuals who open such businesses do not believe that the statistics apply to...
Flex Your Market Power
From Gabriel Weinberg's book "Superthinking" Flex Your Market Power Arbitrage- "When you take advantage of price differences for the same product in two different settings." Sustainable competitive advantage- "describes a set of factors that give you an advantage over...
Unlocking People’s Potential
From Gabriel Weinberg's book "Superthinking" Unlocking People's Potential "Both Joy and Rumsfeld acknowledge that organizations hardly ever have perfect resources, nor can they always afford to wait until they have better ones before moving forward. Joy’s law further...
Dealing with Conflict
From Gabriel Weinberg's book "Superthinking" Dealing with Conflict "arms race. The term was originally used to describe a race between two or more countries to accumulate weapons for a potential armed conflict. It can also be used more broadly to describe any type of...
Decisions, Decisions
From Gabriel Weinberg's book "Superthinking" Decisions, Decision "grass-is-greener mentality, causing you mentally to accentuate the positives (e.g., greener grass) and overlook the negatives." "One simple approach to improving the pro-con list is to add some numbers...
Lies, Damned Lies, and Statistics
"Superthinking," by Gabriel Weinberg Lies, Damned Lies, and Statistics "It is human nature to use past experience and observation to guide decision making, and evolutionarily this makes sense. If you watched someone get sick after they ate a certain food or get hurt...
Becoming One With Nature
"Superthinking," by Gabriel Weinberg Become One with Nature “It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment...
Spend Your Time Wisely
"Superthinking," by Gabriel Weinberg Spend Your Time Wisely "In the business world, there is a mental model that draws on Polaris for inspiration, called north star, which refers to the guiding vision of a company. For example, DuckDuckGo’s north star is “to raise the...
Anything That Can Go Wrong, Will
"Superthinking" by Gabriel Weinberg "tragedy of the commons. However, unbeknownst to him, his hypothetical situation had really occurred in Boston Common two hundred years earlier (and many other times before and since). More affluent families did in fact keep buying...