In Praise of Blindspots
there is no correct pre-analytic vision, true paradigm or perfect frame out there to be discovered. In the deft words of the statistician George Box, ‘All models are wrong, but some are useful.’39 Rethinking economics is not about finding the correct one (because it doesn’t exist), it’s about choosing or creating one that best serves our purpose –
... See moreKate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
one of the main values of using models as maps in public policy discussions is in the thinking that is generated. They are tools for exploration, not doctrines to force conformity.
Rhiannon Beaubien • The Great Mental Models Volume 1: General Thinking Concepts
In other words, if you can recognize that you have blind spots and open-mindedly consider the possibility that others might see something better than you—and that the threats and opportunities they are trying to point out really exist—you are more likely to make good decisions.
Ray Dalio • Principles: Life and Work
The Single Perspective Instinct We find simple ideas very attractive. We enjoy that moment of insight, we enjoy feeling we really understand or know something. And it is easy to take off down a slippery slope, from one attention-grabbing simple idea to a feeling that this idea beautifully explains, or is the beautiful solution for, lots of other th... See more
Hans Rosling • Factfulness: Ten Reasons We're Wrong About the World--and Why Things Are Better Than You Think
One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.
Daniel Kahneman • Thinking, Fast and Slow
