14 Jul '12, 10am

The Drunkard’s Walk by Leonard Mlodinow

The Drunkard’s Walk by Leonard Mlodinow

Leonard Mlodinow. A name that most people would find it hard to pronounce and unfamiliar. What if he co-wrote books with Stephen Hawking? Hopefully, this would encourage you to give him some credentials and read on about his book, The Drunkard’s Walk . In short, his main message in the book is that humans have a false impression that we have control over things when they are actually random events. We take too much credits for success and blame too much for failures. He viewed himself as a product of randomness, where his father escaped the Holocaust and met his mother, who was also a refugee, in New York. Humans are biased We all suffer from availability bias: “we give unwarranted importance to memories that are most vivid and hence most available for retrieval.” For example, “Which is greater: the number of six-letter English words having n as their fifth … Read the full...

Full article: http://thefinance.sg/2012/07/14/the-drunkards-walk-by-leo...

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