Hustle, Certainty, YouTube, Flaws, Status
- NIRAV Shah
- Sep 5, 2021
- 1 min read
W.I.E.R.D: What I Enjoyed Reading & Discussing (week 35 2021)
Some great reads from the internet this week
Human beings do not enjoy uncertainty. This is called ambiguity aversion bias. Essentially, it means that we do not mind the wait. It is not knowing how long to wait that grinds our gears. This is why, years ago, Domino’s 30-minute promise sold. And years later, it is why Uber and Ola tell us exactly how many minutes to wait until our cab arrives. They tell us the driver’s rating. They tell us the cartype and even its colour for good measure. That is how absolutely certain you are when it comes to booking a cab. That is why you don’t mind the wait.
Not realizing that inarticulate, uneducated, obnoxious, unqualified, and crazy people sometimes have the right answers
The inability to communicate your ideas because you wrongly assume others have the necessary background to understand what you’re talking about.
So obsessed with data that you discount how influential squishy things like narratives and feelings can be
and many more....
Let's begin with two principles:
People are status-seeking monkeys*
People seek out the most efficient path to maximizing social capital
Social capital is, in many ways, a leading indicator of financial capital, and so its nature bears greater scrutiny. Not only is it good investment or business practice, but analyzing social capital dynamics can help to explain all sorts of online behavior that would otherwise seem irrational.
Thanks for reading through.
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