July 03, 2014 at 05:04PM
"The first step in battling the illusion of control is to be aware of it." #readingToday

Research has shown that the illusion of control over chance events is enhanced in financial, sports, and especially, business situations when the outcome of a chance task is preceded by a period of strategizing (those endless meetings), when performance of the task requires active involvement (those long hours at the office), or when competition is present (this never happens, right?). The first step in battling the illusion of control is to be aware of it. But even then it is difficult, for, as we shall see in the following pages, once we think we see a pattern, we do not easily let go of our perception.

The Drunks Walk: How Randomness Rules our Lives, Leonard Mlodinow´╗┐