Immutable Truths and Arguing Fools

@tags:: #lit✍/📰️article/highlights
@links::
@ref:: Immutable Truths and Arguing Fools
@author:: Morgan Housel

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Book cover of "Immutable Truths and Arguing Fools"

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to rural regions and return to truly despicable “jobs.” And I fear that forcing factories to pay higher wages would mean they hire FEWER workers, not more.
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(highlight:: Turns out it’s hard to put yourself in someone else’s shoes, so the default is to subconsciously assume everyone wears the same ones you are. A group of psychologists recently looked at a bunch of studies measuring the accuracy of being able to predict someone else’s thoughts when going out of your way to understand their point of view. It wrote:

Although a large majority of pretest participants believed that perspective taking would systematically increase accuracy on these tasks, we failed to find any consistent evidence that it actually did so. If anything, perspective taking decreased accuracy overall while occasionally increasing confidence in judgment. Perspective taking reduced egocentric biases, but the information used in its place was not systematically more accurate.
This is why I’ll always think the young men who think good grades are for sissies and the Chinese businessmen offering deplorable working conditions are WRONG, even if they might argue back to me with just as much conviction. You have to live it to believe it.)
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dg-publish: true
created: 2024-07-01
modified: 2024-07-01
title: Immutable Truths and Arguing Fools
source: reader

@tags:: #lit✍/📰️article/highlights
@links::
@ref:: Immutable Truths and Arguing Fools
@author:: Morgan Housel

=this.file.name

Book cover of "Immutable Truths and Arguing Fools"

Reference

Notes

Quote

to rural regions and return to truly despicable “jobs.” And I fear that forcing factories to pay higher wages would mean they hire FEWER workers, not more.
- View Highlight
-

Quote

(highlight:: Turns out it’s hard to put yourself in someone else’s shoes, so the default is to subconsciously assume everyone wears the same ones you are. A group of psychologists recently looked at a bunch of studies measuring the accuracy of being able to predict someone else’s thoughts when going out of your way to understand their point of view. It wrote:

Although a large majority of pretest participants believed that perspective taking would systematically increase accuracy on these tasks, we failed to find any consistent evidence that it actually did so. If anything, perspective taking decreased accuracy overall while occasionally increasing confidence in judgment. Perspective taking reduced egocentric biases, but the information used in its place was not systematically more accurate.
This is why I’ll always think the young men who think good grades are for sissies and the Chinese businessmen offering deplorable working conditions are WRONG, even if they might argue back to me with just as much conviction. You have to live it to believe it.)
- View Highlight
-