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Predictably Irrational. According to his research, when people are given what appear to be multiple paths to success, they will try to retain all the paths as options, even though selecting one specific path would have guaranteed them the most success.
Bill Aulet • Disciplined Entrepreneurship
Third, we are fearful creatures and go to great lengths to preserve a sense of certainty, even when we know it to be false.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Psychology
Daevyd Pepper • 1 card
This “prey-switching” behavior is common to generalist predators and turns out to be ecologically stabilizing for the whole food web. As generalists turn their attention to different prey species, the species that were getting depleted get a chance to recover, reducing the risk of extinction.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
social complexity ultimately emerges from people behaving in terms of the body-state imagery of their shared social metaphors. (If you habitually imagine your community as a family, and you have experienced loving parents, then surely your leaders have your best interests at heart.) In social
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
studying the motivations of individuals in isolation: the patterns we see are a fundamentally social affair. More, as Anderson
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Strategy/Psychology
Victor Ngo • 1 card
Psychology
Our premise was simple. Because people are Humans, not Econs (terms we coined for Nudge), they make predictable errors. If we can anticipate those errors, we can devise policies that will reduce the error rate.