Interestingly, stories of failure may be more useful for learning. They can be more easily applied than stories of success, especially if the story is interesting and you believe that it is important to learn from mistakes. Just be sure the story is true! https://
ink.library.smu.edu.sg/cgi/viewconten
t.cgi?article=1021&=&context=lkcsb_research_all&=&sei-redir=1&referer=https3A2F2Fscholar.google.com2Fscholar3Fhl3Den26as_sdt3D0252C3926q3Dlearning2Bfrom2Bothers2Bfailure26btnG3D#search=learningfromothersfailure
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@emollick
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Learning from Failure Stories More Effective Than Success
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Organizational factors matter more than technical aspects for code quality
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The best way to ensure good code is to have a good organization. This paper from Microsoft looking at 50M lines of code found that organizational factors were far more powerful in explaining the number of bugs than any technical aspect of the project. https://
microsoft.com/en-us/research
/wp-content/uploads/2016/02/tr-2008-11.pdf
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Twitter’s Economic Power: Impact on Stock and Bond Markets
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How powerful is Twitter economically? Not only does Twitter sentiment affect stocks (as we recently saw), but this new paper finds it also “appears to convey economically important information to even the presumably sophisticated investors who dominate the corporate bond market”
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Survivorship Bias: Why Success Stories Mislead Entrepreneurs
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Why learning from successful companies & entrepreneurs is so hard. Selection bias means that you hear only about successes, many of those successes should have/will fail (but got lucky) & a desire to find secrets of success means we learn the wrong stuff: https://
oneusefulthing.substack.com/p/when-survivo
rship-bias-meets-superstitious?utm_medium=reader2
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Survivorship Bias in Business Cycles: Learning Wrong Lessons
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We are reaching the part of the business cycle where this article seems prophetic. When luck plays a big role in success, the winners are often those who got lucky after taking massive risks. If you learn from them, you learn the wrong lessons. More: https://
open.substack.com/pub/oneusefult
hing/p/when-survivorship-bias-meets-superstitious?utm_source=direct&r=i5f7&utm_campaign=post&utm_medium=web
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Consistent Management: Key to Reducing Workplace Stress
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We can get used to anything at work except inconsistency. Bosses that are sometimes fair, but not always, cause us more stress than ones who are always unfair. Look for good managers "with self-discipline & who think before they act." They are consistent. https://
terry.uga.edu/sites/default/
files/inline-files/Matta_Scott_Colquitt_Koopman__Passantino_2017_AMJ.pdf
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Survivorship Bias and Superstition in Startup Learning
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Learning from successful founders & companies often leads us into traps. We pick bad examples and learn the wrong lessons. Worse, even knowing that we make these mistakes doesn't seem to help much. I discuss the research, and some potential solutions: https://
open.substack.com/pub/oneusefult
hing/p/when-survivorship-bias-meets-superstitious?r=i5f7&utm_campaign=post&utm_medium=web
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Newsletter strategy: linking competitors signals expertise
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Corporate strategy for newsletter & Substack writers! If you span diverse areas you should link a lot to competitor newsletters (you seem like a more insightful guide), if you are in an area where things change fast, like sports, don’t link to others (you’ll seem to break news).
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Sarcasm Detection Limits: Why Humans Struggle Online
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The Twitter blue check parody explosion hits humans in a communication weak spot: we can’t tell what is sarcastic in written communication! Even worse, we absolutely think we can, but when tested we are no better than chance. Plus, older people are even worse than younger ones.
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Understanding Opportunity Cost: Swedish Economists’ Key Insight
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A survey of every Swedish economist found the economics concept that would benefit the most people to understand is "opportunity cost." It is what you give up when you make a choice. Not just what you don’t buy, but also what you could have done by saving for later. Relevant!