What's missing? - The Myth of Experience #2

In The Myth of Experience, behavioral scientists Emre Soyer and Robin Hogarth take a transformative look at experience and the many ways it deceives and misleads us. From distorting the past to limiting creativity to reducing happiness, experience can cause misperceptions and then reinforce them without our awareness. Instead, the authors argue for a nuanced approach, where a healthy skepticism toward the lessons of experience results in more reliable decisions and sustainable growth.

The Myth of Experience:
Publisher: Hachette - Public Affairs (1 September 2020)

DERREN BROWN - THE SYSTEM

References to work the content is based on:
- R. M. Hogarth, Educating Intuition (Chicago: University of Chicago Press, 2001).
- J. Baron and J. C. Hershey, “Outcome bias in decision evaluation,” Journal of Personality and Social Psychology 54, no. 4 (1988): 569–579
- J. Denrell, C. Fang, and C. Liu, “Perspective: Chance explanations in the management sciences,” Organization Science 26, no. 3 (2014): 923–940.
- S. J. Brown et al., “Survivorship bias in performance studies,” Review of Financial Studies 5, no. 4 (1992): 553–580
- M. Shermer, “Surviving statistics,” Scientific American 311, no. 3 (2014): 94.
- A. Tversky and D. Kahneman, “Availability: A heuristic for judging frequency and probability,” Cognitive Psychology 5, no. 2 (1973): 207–232

Links and references for the images used in the video:

"When it comes to experience, out of sight easily and convincingly becomes out of mind." Well said. Great video and documentation. Thanks a lot!

[sc]

Looking forward to the book. I can see how missing information can be misleading. But we only have so much time to spare--how could we decide which missing information to look for?

[ata.uzunhasan]

That’s maybe because we want to hear great news rather than bad ones. While there are tons of failure stories in the startup world, we prefer to remember, cheer, and set as role model the success stories. That may be the only way for motivating ourselves.