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Nonfiction Books » Economics Books

How We Know What Isn’t So by Thomas Gilovich
Buy now

How We Know What Isn’t So

by Thomas Gilovich

Recommendations from our site

“This is a book about intuitive human judgment and how the way we think about the world can be distorted and misdirected by forces within our own mind, like our tendency to think well of ourselves, by cognitive forces, such as the ease with which information comes to mind, and by environmental forces, like asymmetries in feedback. So, for instance, acts of commission, things that people do, come to mind more readily than acts of omission, things that people don’t do. So our judgments can be distorted by the presence of information, as opposed to its absence. And that can lead to systematic mistakes. How We Know What Isn’t So remains the best book in the field at describing the basic psychological mechanisms that can lead even super smart people to make mistakes.” Read more...

The best books on Behavioral Science

Nicholas Epley, Psychologist

“This is a really smart book and the reason I put it on there is that it really invented the genre of science non-fiction. Gilovich did some very interesting work (actually with Tversky when he was still at Cornell) including on the ‘hot hand’ effect. This refers to basketball when players think they have a ‘hot hand’. They make three shots in a row: fans think they’re in the zone. But actually the hot hand is a cognitive illusion. After making a couple of shots in a row, players actually get over-confident and become less likely to make their next shot. So the book is filled with case studies like that, clever demonstrations that so much of what we perceive in the world, and then use to act on, is actually based on cognitive illusions. So this book is very accessible. It was very popular and demonstrated for the first time that people love to learn about their biases. There’s really something fascinating about reading your own user manual and going, ‘Oh that’s what made me do that stupid thing all the time!’” Read more...

The best books on Decision-Making

Jonah Lehrer, Science Writer

Other books by Thomas Gilovich

Heuristics and Biases by Dale Griffin, Daniel Kahneman & Thomas Gilovich

Heuristics and Biases
by Dale Griffin, Daniel Kahneman & Thomas Gilovich

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