Cognition Quote by Gerd Gigerenzer

Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The time other…

— Seth Klarman

“This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability…

— Nassim Nicholas Taleb

“Strategy is born when a calculated risk meets an educated guess”

— Samer Chidiac

We historians are increasingly using experimental psychology to understand the way we act. It is becoming very clear that our ability to evaluate risk…

— Niall Ferguson

If I limit myself to knowledge that I consider true beyond doubt, I minimize the risk of error but I maximize, at the same…

— E. F. Schumacher

“We focus on our goal, anchor on our plan, and neglect relevant base rates, exposing ourselves to the planning fallacy. We focus on what…

— Daniel Kahneman

Exploring the unknown requires tolerating uncertainty.

— Brian Greene

We misjudge risk if we feel we have some control over it, even if it's an illusory sense of control.

— Robert Kiyosaki

The systematic experimental study of reproducible errors of human reasoning, and what these errors reveal about underlying mental processes, is known as the heuristics…

— Eliezer Yudkowsky

The importance of information is directly proportional to its improbability.

— Jerry Pournelle

“The human brain has a deceptive habit of filling in missing information and ignoring new information that doesn’t fit the expectation.”

— David L. Hough

Every error in human conduct must arise from ignorance in ourselves, either perpetual or temporary; and happen either because we do not know what…

— Samuel Johnson