What I’ve been reading

Streetlights and Shadows by Gary Klein. A very interesting, well-written discussion of how decisions are made well and badly. Klein lists a number of apparently-obvious truths, eg “We can reduce uncertainty by gathering more information” and “The starting point for any project is to get a clear description of the goal” and argues that they are often false.

More specifically, such statements tend to be true in “streetlights” – simple, static situations but not in “shadows” – complex, fast-moving or unexpected situations. Lots of memorable case studies. Recommended.

Tim Harford’s blog

This blog is no longer updated but it remains open as an archive.

Tim, also known as the Undercover Economist, writes about the economics of everyday life.