We are hard-wired to believe that the world is more predictable than it is. We chase ‘winning streaks’ that are often just illusions, and we are all too predictable exactly when we try hardest not to be.
In the 1970s, Daniel Kahneman and Amos Tversky coined the phrase ‘representativeness’ to describe the psychology of this behaviour. Since then representativeness has been used by auditors to catch people fiddling their tax returns and by hedge fund managers to reap billions from the emotions of small investors. Now Poundstone for the first time makes these techniques fun, easy, and profitable for everyone, in the everyday situations that matter. You’ll learn how to tackle multiple choice tests, what internet passwords to avoid, how to up your odds of winning the office Premier League sweepstakes, and the best ways to invest your money.
William Poundstone is the author of more than ten non-fiction books, including Fortune's Formula, which was the Amazon Editors' Pick for #1 non-fiction book of 2005. Poundstone has written for The New York Times, Psychology Today, Esquire, Harpers, The Economist, and Harvard Business Review. He has appeared on the Today Show, The David Letterman Show and hundreds of radio talk-shows throughout the world. Poundstone studied physics at MIT and many of his ideas concern the social and financial impact of scientific ideas. His books have sold over half a million copies worldwide.
‘[Poundstone’s] underlying argument is both valid and vital. As he notes in his prologue, "the most important outguessing machine is the one known as Big Data". Shannon's mind-reading technology has become unavoidable and ubiquitous’
– New Scientist
'Poundstone calls on a fascinating array of examples to demonstrate his point. But be warned: these insights may not help much longer now that Poundstone has blabbed them. So read it quick' (5/5 Stars)
– BBC Focus
'Poundstone is a smart thinker, a deft writer and a spinner of engaging tales… enjoyable and original’
– Tim Harford
‘Highly entertaining… brilliant’
– E&T magazine
'Ingenious... a delightful addition to the everything-you-thought-you-knew-is-wrong genre.'
– Kirkus Reviews
'Intriguing and immensely useful.'
– Publishers Weekly
'Fascinating... it's all gold-dust... this could save you real money'
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