Hey Pal
In Daniel Kahneman's bat and ball scenario, a person is asked the following question: "A bat and ball cost $1.10 in total. The bat costs $1.00 more than the ball. How much does the ball cost?" Whats your answer?
The mistake that many people make is that they perform the calculations in the wrong order. They first calculate the cost of the ball by subtracting the difference in price between the ball and the bat from the total cost: $1.10 - $1.00 = $0.10. This is incorrect because it assumes that the cost of the ball is the same as the difference in price between the ball and the bat, which is not the case.
To solve the problem correctly, we must first determine the cost of the ball by subtracting the cost of the bat from the total cost: $1.10 - $1.00 = $0.10. The cost of the ball is then half of this amount, or $0.05. This is the correct answer.
This scenario illustrates how our brains can easily fall victim to certain types of logical pitfalls, known as cognitive biases. In this case, the representativeness heuristic causes people to rely on their initial impressions and stereotypes, leading them to make judgments that are not necessarily accurate. Think - Situational Awareness -
Jiu Jitsu Challenge
A few people have asked what got me excited about Jiu-Jitsu. I developed a keen interest in the subject after realising the benefit of learning something new and more importantly, difficult. It is all about that growth mindset.
A growth mindset is the belief that one's abilities and intelligence can be developed through effort, learning, and persistence. It is the opposite of a fixed mindset, which is the belief that one's abilities and intelligence are fixed traits that cannot be changed.
The concept of a growth mindset was popularised by Carol Dweck, in her book "Mindset:" Research has shown that people with a growth mindset tend to be more successful in school, work, and other areas of life because they are more open to learning new things, more resilient in the face of challenges, and more likely to persevere when faced with setbacks.
Post class photo after being beaten up for two hours.
Bryan Air
The Bryan Air studio had a make-over this week. Our new branding poster finally arrived and so did a new stand for the sound mixer. We will be doing more with our equipment this year. They say that year number four of a startup business is the make it or break it year. Break it, is not an option.
Episode 121 will be broadcast next week and released on Friday morning as per usual.
Bryan Air Advisory
Did you listen to the Joe Rogan podcast with David Goggins? It is well worth a listen.
Simaero Simulator Training
I love this place
This is my second home. Please pop in to see us, I will buy the free coffee.
I did my first session of 2023 in the simulator this week. It took a few minutes to dust off the cobwebs but it was great to be back.
We are using our new 2023 training programs and everything appears to be on track at this stage. We are also getting all our instructors together for a meeting next week, to discuss a way forward with our training philosophy. Change is good when implemented through careful planning.
Big Love
Bryan ✈️🎙