
A working catalogue of 99 cognitive errors, organized so you can actually use it. Less academic than Kahneman, more encyclopedic than Duke. The format — one bias per short chapter — makes it useful as a pre-mortem checklist before consequential decisions.
Dobelli presents ninety-nine cognitive errors in short chapters of two or three pages each, each naming a bias, illustrating it and giving a brief instruction on avoiding it.
The coverage includes survivorship bias, swimmer's body illusion which confuses selection with effect, the clustering illusion, social proof, sunk cost, reciprocity, confirmation bias, authority bias, contrast effect, availability, the story bias, hindsight, overconfidence, the chauffeur knowledge distinction between people who know a subject and people who can perform knowing it, base rate neglect, regression to the mean, outcome bias, the paradox of choice, endowment, groupthink, neglect of probability, scarcity error, and many others. The format is designed for reference rather than for sequential reading, and Dobelli says so.
The book is entirely derivative. Nearly every chapter restates work by Kahneman, Tversky, Taleb, Cialdini or Gigerenzer, and Dobelli was publicly criticised by Taleb and by Gigerenzer for the extent of the borrowing without adequate attribution in the original German edition. Several of the underlying findings have replicated poorly, and the compressed format leaves no room to indicate which. The instructions on avoiding each bias are brief to the point of uselessness, since knowing about a bias does not prevent it.
Its value is as an index. A reader who wants a name for a pattern they have observed will find it here quickly, and can then go to the primary sources. Anyone who has read Kahneman and Cialdini will find nothing new.
Readers who want a quick index of named cognitive errors, with the primary sources used for anything they intend to rely on.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Kahneman's synthesis of behavioral economics is the cognitive science underpinning every negotiation tactic. Anchoring, loss aversion, framing effects, and the planning fallacy — understanding why these biases operate, not just that they exist, makes you harder to exploit and more honest about your own irrationality.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Charles de Vaulx and 32 others
Builds out Munger's latticework idea from primary sources.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Nat Eliason and 8 others
Tavris and Aronson focus on what happens after a bias fires: the self-justification, narrative revision, and escalating commitment that follow. Cognitive dissonance, they argue, is not a personality flaw but a universal mechanism, and understanding it explains police misconduct, political tribalism, and therapy failures in a single framework.
Recommended by: Mohnish Pabrai, Nat Eliason and 2 others
Why people mistake luck for skill, above all in markets.
“Fooled by Randomness is a serious, intellectually sophisticated book, well worth reading carefully. At times, the book is condescending. Nevertheless, there are some great insights.” — Barton Biggs
Source: Biggs on a sophisticated book worth reading carefully
Recommended by: Barton Biggs, Michael Mauboussin and 11 others
Rare, unforeseen, high-impact events drive history, explained only after the fact.
“The message of The Black Swan is how important it is to realize that the things everyone rules out can still come to pass.” — Howard Marks
Source: Oaktree memo 'The Limits to Negativism'
Recommended by: Howard Marks, Marc Andreessen, Nat Eliason and 18 others
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