Conscious Culture 34: Egocentric Bias
Aug 05, 2021 3:45 am
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This week's newsletter dives into egocentric bias, why facts don't change our minds, getting the goalpost to stop moving and a free Yale course on game theory.
In fun stuff, this week is Tryp, an AI travel agent that finds low price travel packages.
Feel free to hit reply and let me know what you think.
"The egocentric bias is a cognitive bias that causes people to rely too heavily on their own point of view when they examine events in their life or when they try to see things from other people’s perspective."
"Convincing someone to change their mind is really the process of convincing them to change their tribe. If they abandon their beliefs, they run the risk of losing social ties. You can’t expect someone to change their mind if you take away their community too. You have to give them somewhere to go. Nobody wants their worldview torn apart if loneliness is the outcome."
"There aren’t many iron laws of money. But here’s one, and perhaps the most important: If expectations grow faster than income you’ll never be happy with your money. One of the most important financial skills is getting the goalpost to stop moving. It’s also one of the hardest."
"Social media is blamed for many of today's social ills, but this only serves to shield us from the harsh reality that it is us who are at fault."
"This course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere."
Tools and Resources
"Snap Camera. Bring the magic of Snapchat Lenses to your live streams and video chats"
"A Google Analytics audit is a thorough assessment of the current configuration of a Google Analytics account done in order to find either a problem to solve or opportunities to improve the quality, relevance, and accuracy of the insights gathered. The aim of a Google Analytics audit is to help you get purified data that tells you what you need to know in order to improve your business."
"We use artificial intelligence to create the best travel packages at the lowest prices. Three simple steps is all it takes to discover your next destination!"
Quote of the Week
“Is it so bad, then, to be misunderstood? Pythagoras was misunderstood, and Socrates, and Jesus, and Luther, and Copernicus, and Galileo, and Newton, and every pure and wise spirit that ever took flesh. To be great is to be misunderstood.”
― Ralph Waldo Emerson
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