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The vow: Inflexibility as a trick

In 1519, Hernán Cortés, the Spanish conqueror, reached the coast of Mexico from Cuba. He immediately declared Mexico as Spanish colony and himself the ruler. Then he destroyed all his ships so that no one, including himself, could get out of the country. In economy, Cortes’s decision is not sensible. Why should he destroy the
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The circle of Competence

No one is to know the world completely. It is too complicated for people’s mind. Even if you are educated only a little of it can be understood. Even that small part plays a significant role for you to reach your goals. Warren Buffett uses an interesting term to explain this issue: it is called
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The Art of the Good Life

The end-of-history illusion You can change yourself, but not others Lots of buildings, stations, universities, airports… change gradually during time. Sometimes even you don’t go to this places in a while, but you feel the change. But what about yourself? How much have you changed? How much have you changed during the last 20 years? Don’t
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The introduction of Six Thinking Hats

One of the greatest writers of the time, Edward de Bono, is the writer of this book. This book is about a new method of thinking in which simplifies thinking for people. This book teaches us how to think in a number of distinct ways and decide wisely afterwards?” In six thinking hats, colored hats
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The introduction of Predictably Irrational

The main subject of this book is behavioral economy. The main idea is that in some situations and cases people’s decisions are systematically following an irrational pattern. We all know from our experience that we are not totally rational but it is behavioral psychologist’s job to decide in what circumstances we intend to decide irrationally.
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