The Analyst’s dilemma is this: On the one hand, our brains are wired to rationalise the reasons for the current state of affairs all the time. We think “You can’t manage what you can’t measure” is a not a quote by a fellow analyst but rather gospel. On the other, 43% of Analysts [in the workforce] say they would be better than their boss at their boss’s job, which is classic Dunning–Kruger Effect at play. The boss is the boss, and we’re not them, for a reason, right?
The world around us is too vast and unpredictable for us to fully comprehend its complexity. To try and make sense of the complexity, our minds often rely on shortcuts and heuristics to make sense of complex information. Understanding the role of probability, and how our minds can be mislead in the face of it, is crucial in making better decisions.
If you’re too young to realize where the title reference comes from, I’m gonna make you lose your mind. It has something to do with parties and rocks and anthems. Actually, no, I just want you to have a good time so I’ll instead ask you to take a look at the title picture. What did you notice?