by John M. Jennings | May 2, 2023 | Mental Models, The IFOD
The following is an excerpt from my book The Uncertainty Solution: How to Invest With Confidence in the Face of the Unknown. It’s from a section about why investment experts and economists are so bad at predicting the future. A major reason is overconfidence,...
by John M. Jennings | May 7, 2019 | Mental Models, Networks, Sociology
I am intrigued by paradoxes and came across a very interesting one called the Friendship Paradox which states: On average, your friends have more friends than you do. How can this be true? Its a function of the attributes of social networks. According to the MIT...
by John M. Jennings | Jan 1, 2018 | Mental Models
Ignorance is merely the lack of knowledge or information. Ignorance can be thought of in two broad categories. The first is primary ignorance which is when we are ignorant but do not recognize that we are ignorant. Secondary ignorance is when we are...
