Join 📚 Quinn's Highlights
A batch of the best highlights from what Quinn's read, .
Risk tolerance in org change: When 1 bad thing happens, don't pave over it with rules
Transcript:
Speaker 1
Two is, and Sam, like you and I have talked about this a million times, like there is such a bias around risk where it's like this thing happened once. Now we make a rule for it. Now we have to uphold that rule in perpetuity. And that is what we call work debt. We don't even know if that one thing would ever happen again. But now we have hours and time and money and cycles and cycles and cycles probably forever because let's be honest, we're never going to unwrite that rule for what might have been a one Off. And so on the one hand, I think like that person's perspective is really valid. On the other hand, I'm like, if you want to be strategic, you have to learn to look at risk a little bit differently, which is that you can never eliminate it. You are always doing stuff with the issue in the rear view.
The Future of HR — Building Your Capabilities, Pt. 1 - Getting to Level 3
At Work with The Ready
People's Understanding of Others' Lives Is Biased Based on the Structure of Their Social Network
Transcript:
Speaker 1
So there's something in that that I found really interesting about this social sampling, which is that as you mentioned, like if you happen to be worse off and everyone else is worse Off, as is the case with like income, for example, then being worse off, you're going to project your bias into that general population more accurately than if you're better off in some Situation for which the most of the population is worse off. And that these biases are not all created equal. Yes. It has to do with how they stand relative to the broader population. So what we show is that this kind of biases of judgments of the broader population can be explained by the structure of social network and not by some cognitive deficit or motivational, Motivational bias, some desire to be better than others or that or some idea that everybody's like me or some cognitive deficit that people cannot, that people are too stupid to understand How other people live. It's really determined by the context of memory, that by the content of one's memory, which comes from one social circle.
Mirta Galesic on Social Learning & Decision-Making
COMPLEXITY: Physics of Life
The danger, and you see it often in investing, is when people become too McNamara-like – so obsessed with data and so confident in their models that they leave no room for error or surprise. No room for things to be crazy, dumb, unexplainable, and to remain that way for a long time. Always asking, “Why is this happening?” and expecting there to be a rational answer. Or worse, always mistaking what happened for what you think should have happened.
The ones who thrive long term are those who understand the real world is a neverending chain of absurdity, confusions, messy relationships, and imperfect people.
Does Not Compute
collabfund.com
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