"It is human nature to think wisely and act foolishly." - Anatole France
SUMMARY
- Despite rapid advances in technology, the human brain remains far more superior to even the most powerful supercomputer.
- However, our brains have deficiencies that often lead to irrational and/or sub-optimal decisions.
- Some of these biases or tendencies are related to social fears and pressures. Others are a function of how humans evolved over the eons. These can lead to reactions or emotions that were appropriate in pre-historic times but are often counter-productive today. They include excessive loss aversion and fear of missing out.
- These flaws in our mental processing make the pervasive...