Think Twice audiobook cover - Harnessing the Power of Counterintuition

Think Twice

Harnessing the Power of Counterintuition

Michael J. Mauboussin

3.8 / 5(200 ratings)

If You're Curious About These Questions...

You should listen to this audiobook

Listen to Think Twice — Free Audiobook

Loading player...

Key Takeaways from Think Twice

Learning Tools

Reinforce what you learned from Think Twice

Mind Map

Think Twice
The Problem with Default Thinking
Intelligent people frequently make poor decisions despite expertise
Brains rely heavily on mental shortcuts and ingrained assumptions
Clinging to defaults causes catastrophic results when situations change
Inside vs. Outside View
The Inside View
The Outside View
Steps to Adopt the Outside View
Tunnel Vision & Mental Shortcuts
Anchoring Heuristic
Availability Heuristic
Cognitive Dissonance
Incentives
Countering Tunnel Vision
The Solution: Thinking Twice
Intentionally question assumptions and examine problems from multiple angles
Override natural mental tendencies to improve decision-making

Quiz — Test Your Understanding

Question 1 of 5
Why do highly intelligent people, such as the Nobel laureates at Long Term Capital Management, frequently make poor decisions?

Think Twice — Full Chapter Overview

Think Twice Summary & Overview

Think Twice (2012) examines the hidden cognitive biases and mental shortcuts that routinely impair our judgment. It also provides concrete steps to counteract ingrained thinking and adopt a clear-eyed approach to making choices.

Who Should Listen to Think Twice?

  • Investors looking to avoid costly cognitive biases
  • Professionals who want to improve their decision-making
  • Students of psychology, economics, and human behavior

About the Author: Michael J. Mauboussin

Michael J. Mauboussin is an author and investment strategist. He’s known for his research on behavioral finance and expert insights into investor psychology.

🎧
Listen in the AppOffline playback & background play
Get App