One of the most significant weaknesses of human thinking reveals itself in picking a “good” mutual fund. As a former fund company CEO, I witnessed this first hand. The problem lies in how our minds are geared to underestimate the role of randomness in our lives — the profound but hidden influence of the uncontrollable and unpredictable.
The Danger of Reading Something into Nothing
One of the most significant weaknesses of human thinking reveals itself in picking a “good” mutual fund. As a former fund company CEO, I witnessed this first hand. The problem lies in how our minds are geared to underestimate the role of randomness in our lives — the profound but hidden influence of the uncontrollable […]
August 15, 2011
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New!
HBR Learning
Decision Making Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Decision Making. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Practical ways to improve your decision-making process.