Lecture 18: Narrative Fallacy and Hindsight Bias

In many situations in life, success is seen as reflection of hard work and failure viewed as a lack of effort. This video draws a distinction between skill and luck and introduces the important concepts of narrative fallacy and hindsight bias. In this discussion, we ask ourselves: How much of life is really just randomness?
Further reading: “Antifragile”, “The Black Swan”, and “Fooled by Randomness” by Nassim Taleb.
Section 5: Randomness and Skills (1/3)
This is the 18th of a total of 40 short videos, which are divided into 11 sections.
A course to learn the basic concepts and tools to help us make better decisions under uncertainty, take calculated risks, and reduce the stress and regrets that often come with decision making.
If you would like to learn more, please subscribe to this channel and read the textbook at www.probabilitycourse.com.

[@adil-hussain-84]

Nice series of videos. I'm going through them after reading Daniel Kahneman's "Thinking, Fast and Slow" book. Your videos summarise alot of the concepts discussed in that book in a concise and memorable manner.

[@BetoAlvesRocha]

The way you bring us interesting and deep thoughts based on Statistics is awesome, professor. Thank you for this amazing series of videos!
Cheers from Brazil! o/\o