Saturday, January 13, 2024

As if I knew it will happen (Pernicious illusion)

My long long journey has ended up, finally. Quite expected, but still very disappointing, while enjoying Alps in September, I've been informed that as of December 31st 2023, Tempo Software Inc. will no longer require my services in conjunction with the Prime Timesheets product. I wish my work were still useful, though. 

Not used


But what I've created will live, for how long? I'll keep watching!

Meanwhile I've got a chance for another very interesting reading, very relevant to my Blog: Thinking: Fast and Slow by Daniel Kahneman. Here I'd like to write down my summary - collection of psychological biases. I love (to make every possible) mistakes!

Focusing illusion


Affective forecasting, buying bigger house or moving to better location will not make you happier, misswanting.

Pernicious illusion


The Illusion of Understanding, outcome bias From Nassim Taleb (black swan): narrative fallacy: our tendency to reshape the past into coherent stories that shape our views of the world and expectations for the future.

Muller-Lyer illusion


Fallacy remains attractive.

Conjunction fallacy, less is more


When you specify a possible event in greater detail you can only lower its probability. The problem therefore sets up a conflict between the intuition of representativeness and the logic of probability.
conjunction fallacy: when people judge a conjunction of two events to be more probable than one of the events in a direct comparison.

Cognitive dissonance/ease


What You See Is What There Is (WYSIWTI) and “Nothing in life is as important as you think it is, while you are thinking about it”

Anchoring Effect


When you consider a particular value for an unknown quantity before estimating that quantity. What happens is that estimate stay close to the number suggested.

Halo effect


The tendency to like (or dislike) everything about a person—including things you have not observed.

The Law of Small Numbers


Small samples yield extreme results more often than large samples do.