“Bayes’ rule, which was first postulated by the Reverend Bayes in a posthumously published 1763 manuscript, can be so computationally complex that for centuries most statisticians essentially ignored the work because they lacked tools to perform the calculations it demanded”
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
“We hardly notice the empty restaurants we pass on the way to our favorite, crowded pizza place. We become trained, in other words, to notice success and then, as a result, we predict successful outcomes too often because we’re relying on experiences and assumptions that are biased toward all the successes we’ve seen—rather than the failures we’ve overlooked. Many successful people, in contrast, spend an enormous amount of time seeking out information on failures. They read inside the newspaper’s business pages for articles on companies that have gone broke.”
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
“A lot of the people we think of as exceptionally creative are essentially intellectual middlemen,” said Uzzi. “They’ve learned how to transfer knowledge between different industries or groups. They’ve seen a lot of different people attack the same problems in different settings, and so they know which kinds of ideas are more likely to work.” Within sociology, these middlemen are often referred to as idea or innovation brokers. In one study published in 2004, a sociologist named Ronald Burt studied 673 managers at a large electronics company and found that ideas that were most consistently ranked as “creative” came from people who were particularly talented at”
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
“Within biology, this has become known as the intermediate disturbance hypothesis, which holds that “local species diversity is maximized when ecological disturbance is neither too rare nor too frequent.” There are other theories that explain diversification in different ways, but the intermediate disturbance hypothesis has become a staple of biology.”
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
“We can develop this intuition by studying statistics, playing games like poker, thinking through life’s potential pitfalls and successes, or helping our kids work through their anxieties by writing them down and patiently calculating the odds. There are numerous ways to build a Bayesian instinct. Some of them are as simple as looking at our past choices and asking ourselves: Why was I so certain things would turn out one way? Why was I wrong? Regardless of our methods, the goals are the same: to see the future as multiple possibilities rather than one predetermined outcome; to identify what you do and don’t know; to ask yourself,”
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
― Smarter Faster Better: The Secrets of Being Productive in Life and Business
Matthew C Koonts’s 2024 Year in Books
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