Next book

RISK INTELLIGENCE

HOW TO LIVE WITH UNCERTAINTY

A provocative critique of the power of positive thinking and a solid addition to the behavioral-economics shelf.

Risk analyst and popular-science writer Evans (Placebo: Mind Over Matter in Modern Medicine, 2004, etc.) analyzes the fallacy of the quest for certainty in making decisions.

[“M]ost of us simply aren't comfortable with or adept in making judgments in the netherland of uncertainty,” writes the author. We tend to over-react when it comes to assessing uncertainty and ambiguity and when we are faced with daunting challenges. Evans attributes this unwillingness to deal with uncertainty to “our reluctance to gauge the limits of what we know” and make judgments accordingly. Our comfort zone is located at either extreme of the spectrum: overconfidence or the expectation of doom. While the cost of over-optimism has been showcased by the recent financial crisis, we may suffer losses from missed opportunities when we refuse to accept a reasonable amount of risk. Though some of our difficulty in dealing with risk can be attributed to the tendency of our brain to overestimate dramatic events and indulge in wishful thinking, as well as our susceptibility to after-the-fact confirmation bias, these tendencies can be overcome. Evans looks at the improvement in weather forecasting in the past 50 years as a case in point. He suggests that one way to raise our risk intelligence is to carefully assess the limits of what we know, assess the reliability of sources, critically evaluate the accuracy of our estimates and learn the rudiments of probability theory. Financial speculation has become a dirty word, he writes, but in many circumstances it is valuable to make an educated guess.

A provocative critique of the power of positive thinking and a solid addition to the behavioral-economics shelf.

Pub Date: April 17, 2012

ISBN: 978-1-4516-1090-1

Page Count: 256

Publisher: Free Press

Review Posted Online: Jan. 31, 2012

Kirkus Reviews Issue: Feb. 15, 2012

Next book

MASTERY

Readers unfamiliar with the anecdotal material Greene presents may find interesting avenues to pursue, but they should...

Greene (The 33 Strategies of War, 2007, etc.) believes that genius can be learned if we pay attention and reject social conformity.

The author suggests that our emergence as a species with stereoscopic, frontal vision and sophisticated hand-eye coordination gave us an advantage over earlier humans and primates because it allowed us to contemplate a situation and ponder alternatives for action. This, along with the advantages conferred by mirror neurons, which allow us to intuit what others may be thinking, contributed to our ability to learn, pass on inventions to future generations and improve our problem-solving ability. Throughout most of human history, we were hunter-gatherers, and our brains are engineered accordingly. The author has a jaundiced view of our modern technological society, which, he writes, encourages quick, rash judgments. We fail to spend the time needed to develop thorough mastery of a subject. Greene writes that every human is “born unique,” with specific potential that we can develop if we listen to our inner voice. He offers many interesting but tendentious examples to illustrate his theory, including Einstein, Darwin, Mozart and Temple Grandin. In the case of Darwin, Greene ignores the formative intellectual influences that shaped his thought, including the discovery of geological evolution with which he was familiar before his famous voyage. The author uses Grandin's struggle to overcome autistic social handicaps as a model for the necessity for everyone to create a deceptive social mask.

Readers unfamiliar with the anecdotal material Greene presents may find interesting avenues to pursue, but they should beware of the author's quirky, sometimes misleading brush-stroke characterizations.

Pub Date: Nov. 13, 2012

ISBN: 978-0-670-02496-4

Page Count: 320

Publisher: Viking

Review Posted Online: Sept. 12, 2012

Kirkus Reviews Issue: Oct. 1, 2012

Categories:
Next book

THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

Close Quickview