
Think Like a Freak

At university, he had been learning about game theory and now it came in handy.
Steven D. Levitt • Think Like a Freak
is, if you could learn how you might fail without going to the trouble of actually failing? That’s the idea behind a “premortem,” as the psychologist Gary Klein calls it. The idea is simple. Many institutions already conduct a postmortem on failed projects, hoping to learn exactly what killed the patient. A premortem tries to find out what might go
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The most radical accomplishment of once-and-done is that it changed the frame of the relationship between the charity and the donor. Whenever you interact with another entity, whether it’s your best friend or some faceless bureaucracy, the interaction falls into one of a handful of frameworks. There’s the financial framework that governs everything
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The second lesson to be drawn from Kobayashi’s success has to do with the limits that we accept, or refuse to. Over dinner that night at Cafe Luxembourg, Kobayashi said that when he started training, he refused to acknowledge the legitimacy of the existing Coney Island record of 25⅛ HDB. Why? He reasoned that the record didn’t stand for much since
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The first is about problem solving generally. Kobayashi redefined the problem he was trying to solve. What question were his competitors asking? It was essentially: How do I eat more hot dogs? Kobayashi asked a different question: How do I make hot dogs easier to eat? This question led him to experiment and gather the feedback that changed the game
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Here is the broader point: whatever problem you’re trying to solve, make sure you’re not just attacking the noisy part of the problem that happens to capture your attention. Before spending all your time and resources, it’s incredibly important to properly define the problem—or, better yet, redefine the problem.
Steven D. Levitt • Think Like a Freak
Every time we pretend to know something, we are doing the same: protecting our own reputation rather than promoting the collective good.
Steven D. Levitt • Think Like a Freak
The key to learning is feedback. It is nearly impossible to learn anything without it.
Steven D. Levitt • Think Like a Freak
Knowing what to measure, and how to measure it, can make a complicated world less so. There is nothing like the