I was reading the book The Truthful Art which is about data visualization. The author also cites some reference on how we humans behave and act.
He points 3 things:
1. We love recognizing patterns. We don’t like much randomness. That is what powers bias like gambler’s fallacy.
2. We love storytelling. Once we have recognized a pattern next comes building story around it. We will craft the story to match our need, situations.
3. We start confirming it. That is where confirmation bias kicks over.
We love this process and repeat it everywhere. Smart folks like Charlie Munger and Ray Dalio has spoken in length about this behavior of ours. They advise for mental models, principles, and checklists.
In a chaotic and hyper-connected world, how much time do we have for making a response?