The illusion of control can lead to poor decisionmaking from "summary" of Fooled by Randomness by Nassim Nicholas Taleb
The most dangerous delusion a human being can have is that he knows the future. This illusion of control can lead to poor decision-making, as one may believe they have the ability to predict and manipulate outcomes in a world that is inherently uncertain and random. People often underestimate the role of luck and randomness in their lives, attributing their successes solely to their skills and abilities.
When individuals believe they have control over a situation, they may take excessive risks or make decisions based on faulty assumptions. This overconfidence can lead to disastrous consequences, as they fail to account for the unpredictability of events and the presence of unknown variables. In reality, the future is uncertain, and there are cou...
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