Romain

“We do small stuff often enough to learn to get it right, but when it comes to choosing a home, a mortgage, or a job, we don’t get much practice or opportunities to learn. And when it comes to saving for retirement, barring reincarnation we do that exactly once. So Binmore had it backward. Because learning takes practice, we are more likely to get things right at small stakes than at large stakes. This means critics have to decide which argument they want to apply. If learning is crucial, then as the stakes go up, decision-making quality is likely to go down.”
― Richard H. Thaler, Misbehaving: The Making of Behavioral Economics

“Any successful person has to decide what to do in part by deciding what not to do.”
― Angela Duckworth, Grit: The Power of Passion and Perseverance

“They think that intelligence is about noticing things are relevant (detecting patterns); in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)”
― Nassim Nicholas Taleb

“To try and fail is at least to learn; to fail to try is to suffer the inestimable loss of what might have been.”
― Brian Christian, Algorithms To Live By: The Computer Science of Human Decisions