Thinking, Fast and Slow - Intuition is NOT voodoo

[sagefr0g]

Originally Posted by Gamblor

Your boss isn't completely wrong, might be more right than wrong. Having worked in the corporate world myself, too many people are paralyzed by indecision and are too risk averse.

yup, imho yer correct.............. i see it in myself in the casinos, errhhh i mean, me, i'm often trying to second guess luck, finding myself making excuses in my mind far as pulling the trigger on positive ev plays. gotta just make myself do it.
just me maybe, my guess is being paralyzed by indecision is how we get financial guys creating ponzi schemes, from how i understand it those types are often afraid to pull the trigger.

[blackriver]

Originally Posted by sagefr0g

yup, imho yer correct.............. i see it in myself in the casinos, errhhh i mean, me, i'm often trying to second guess luck, finding myself making excuses in my mind far as pulling the trigger on positive ev plays. gotta just make myself do it.
just me maybe, my guess is being paralyzed by indecision is how we get financial guys creating ponzi schemes, from how i understand it those types are often afraid to pull the trigger.

the best cure for a scared money is more studying and practicing. a thorough understanding of everything going on and devoting some time to creative visualization will make it much easier to pull the trigger. When you get rusty you will get rightfully scared again.

Also,i think a lot of people caught in ponzi schemes got there using both types of thinking, but the ones who dodged it either did the second type of thinking or they already put in the time and research like I suggested above that would shape their brain (and full it with crucial paradigms) such that when confronted with a ponzi they can dodge it with type 1 thinking.

many experts fool you by using type 1 thinking but it isn't innate, its from spending so many hours internalizing similar situations. The same way a poker/blackjack player of 10 years doesn't have to think about a lot of lower level things that newbies do, because theyve already been in and handled the situation or similar many times allowing them to internalize much of the decision process and focus on higher level things.

[aslan]

Originally Posted by Gamblor

Your boss isn't completely wrong, might be more right than wrong. Having worked in the corporate world myself, too many people are paralyzed by indecision and are too risk averse.

I recall a senior executive knocking down big government bucks who could never let a work project go. Her work box rose and rose and rose, nothing ever hitting her outbox. "If I make a decision and it is wrong, it will come back to haunt me. Ergo, I will not make a final ruling on anything." I wonder what the person who took her job did with all those unapproved items. lol She finally got the shaft for something unrelated. But her inaction did nothing to hurt her status. Nobody could point to anything that she approved that turned out wrong! That's because she did not have the courage to approve anything, and her timidity was amply rewarded. And let me make this clear, her job called for her input on work products until they achieved an acceptable level at which time decisions were made or rulings were issued. Her years of tenure yielded zero production. Either she was inept, or just afraid to act. Either way, she was totally unproductive, yet commanded a staggering salary. She pointed to the ineptness of those below her as the cause for low productivity. Nobody measured up to her standard of perfection. What a complete scam.

[zengrifter]

Originally Posted by aslan

I recall a senior executive knocking down big government bucks ... She pointed to the ineptness of those below her as the cause for low productivity. Nobody measured up to her standard of perfection. What a complete scam.

I like it! zg

[sagefr0g]

Originally Posted by zengrifter

I like it! zg

have you read the book?
anyone, read the book?