Hey all -
* The fundamental attribution error
The fundamental attribution error is a cognitive bias which frames positive outcomes and negative outcomes differently, depending on who did it.
For example, if I cut someone off in traffic, it’s because I was in a rush or I happened not to see the other driver. But if someone else cuts me off in traffic, it’s because they’re a bad driver[1].
The same goes for positives: if I do well on an exam, it’s because I studied hard and earned it. But if someone else does well, maybe the exam was simply easy or they happened to guess well.
This matrix illustrates how we explain behavior in ourselves versus others:
Of course, as the bias’ name implies, this asymmetric framing is an error, so it’s something we have to be aware of in order to fix. Since the natural tendency is to be biased, I think a prudent strategy is to lean a bit in the opposite direction.
If someone else does something good, now it’s a bit more likely it’s because of their personality. And if they do something bad, chalk it up to circumstances.
Similarly, if you do something well, better to attribute it just a bit more to luck than to ability (which can cause arrogance). And if you do something bad or poorly, it may be a signal to look inward rather than finding something else to blame[2].
* Pain + Reflection = Progress!
Ray Dalio suggests that we find personal growth through both pain and reflection.
A very similar idea is explored in the book Peak Performance: stress + rest = growth.
I’m reiterating this on behalf of Khe because it’s so important: “your phone is the weakest link in your digital security” (3 min. read).
If you use your mobile as a “recovery phone” for any online account (e.g. bank account, investment account, PayPal, etc.), here’s how easy it is to compromise your account: The hacker knows some personal information about you (eg. address, birthday, last four digits of SSN). All of this information was exposed in the recent Equifax hack, for example[3].
It really is that simple. Terrifyingly simple.
And, not to scaremonger, I tried this on a few accounts. It’s surprising how little information you need to provide in order for a website to send a “Reset password” code to your (potentially compromised) mobile - often just a birthday or sometimes even nothing at all.
So here’s a preventive measure you must immediately take:
Thanks for reading,
Alex
[1] Also known as: “When I do it it’s okay, but when you do it it’s wrong.”
[2] Counteracting the self-serving bias.
[3] I think a precautionary mindset is to assume that hackers know a lot of personal information about you, just like Google, Facebook, Netflix, etc. Just imagine how many times you’ve written your billing address and birthday on some airline website - a single hack on any of these means your information is now forever in some hacker’s database.