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Principles

Biases, laws, and rules of thumb that hold up for a lifetime.

Biases

  • Confirmation bias

    We search for, interpret, and remember information in a way that confirms what we already believe.

  • Survivorship bias

    Drawing conclusions only from the cases that made it through a filter, while ignoring the ones that didn't. The planes that came back show you where bullets don't kill.

    — Abraham Wald
  • Sunk cost fallacy

    Continuing something because of what you've already put into it, rather than what it will give you from here on.

  • Dunning–Kruger effect

    People with little skill in an area tend to overestimate their ability; experts tend to underestimate theirs.

  • Hindsight bias

    After an outcome is known, it feels like it was obvious all along.

  • Availability heuristic

    Judging how likely something is by how easily examples come to mind.

Laws

  • Segal's law

    A man with a watch knows what time it is. A man with two watches is never sure.

  • Goodhart's law

    When a measure becomes a target, it ceases to be a good measure.

    — Charles Goodhart
  • Parkinson's law

    Work expands so as to fill the time available for its completion.

    — C. Northcote Parkinson
  • Hofstadter's law

    It always takes longer than you expect, even when you take into account Hofstadter's law.

    — Douglas Hofstadter
  • Pareto principle

    Roughly 80% of the effects come from 20% of the causes.

    — Vilfredo Pareto
  • Conway's law

    Organizations design systems that mirror their own communication structure.

    — Melvin Conway
  • Gall's law

    A complex system that works is invariably found to have evolved from a simple system that worked.

    — John Gall
  • Brandolini's law

    The amount of energy needed to refute nonsense is an order of magnitude bigger than that needed to produce it.

    — Alberto Brandolini
  • Lindy effect

    The longer an idea or technology has survived, the longer it is likely to keep surviving.

  • Murphy's law

    Anything that can go wrong will go wrong.

Razors & heuristics

  • Occam's razor

    Among competing explanations, prefer the one that makes the fewest assumptions.

    — William of Ockham
  • Hanlon's razor

    Never attribute to malice that which is adequately explained by stupidity.

  • Chesterton's fence

    Don't remove a fence until you know why it was put up in the first place.

    — G. K. Chesterton
  • The map is not the territory

    A model of reality is not reality itself. Every map leaves something out.

    — Alfred Korzybski
  • Inversion

    Invert, always invert. Ask what would guarantee failure, then avoid it.

    — Carl Jacobi / Charlie Munger